$3,100,000 514 Martin Luther King Jr Boulevard Savannah, GA

MLS: 281758   Type: Commercial   County: Chatham   City: Savannah   Zip: 31401   Style: Victorian     Stories: 3

Mortgage $14,554 /mo



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The Seabrook Building, constructed in 1912 has been beautifully renovated and currently consists of a full service restaurant and three separate residential apartments each having 2,200 sf. The apartments have been used as short term vacation rentals and all have active STVR certificates in place. There is an excellent income history from all residential units as well as from the restaurant space. The property is literally at the I-16 ramp, is a high profile mixed use building, and is in a great walkable area of the Historic Savannah district. This is a perfect opportunity to acquire a proven income-generator in an established area with history, charm, continued growth and redevelopment.

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Price History

1/5/2023 Listed $3,100,000

Appliances Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
Architectural Style Victorian
Association Y/N No
Basement None
Building Name Seabrook Building
Community Features Curbs, Street Lights, Sidewalks
Construction Materials Brick
Cooling Central Air, Electric
Current Use Residential
Heating Central, Electric
Interior Features High Ceilings
Levels Three Or More
Listing Agent State License 260812
Lot Size Square Feet 3398
Occupancy Description Tenant
Property Attached Y/N No
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Security Features Fire Alarm, Fire Sprinkler System
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 3
Terms Cash, Conventional, 1031 Exchange
Utilities Cable Available
Virtual Tour https://www.propertypanorama.com/instaview/sav/281758
Zoning BC
Zoning Description Commercial, Mixed use

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Flooring Concrete, Wood
Full Baths 8
Heating Y/N Yes
Total Baths 8

Exterior Features

Fencing Brick
Lot Size Acres 0.078
Lot Size Area 0.078
Lot Size Units Acres
Road Surface Type Asphalt
Water Source Public

Property Schools

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Gallery (49 photos)

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Property vs Zip Code Avg (31401)

Price 3.10M Avg 2.55M

Sqr Feet 9,900 Avg 5,534

Cost / Sqr Ft $313 Avg $461

Acres 0.078007 Avg 0.13

Visits 19 Avg 72

Days on Site 36 Avg 170

Walkscore® 91 Avg 91

Data Provided by Walkscore ® not using MLS data

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Listed By: Keller Williams Realty

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Location & Address

331 Tattnall St
Savannah , GA
(912) 335-5851