3 Martin Luther King Boulevard Savannah, GA ^$ 8,250,000

3 Martin Luther King Boulevard

^$ 8,250,000

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3 Martin Luther King Boulevard

Savannah, GA, 31401

^$ 8,250,000

Studio Baths0.0 Sq 17,784

Monthly Estimate*

^$ 54,832

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Studio

Commercial Property for sale in Savannah, GA

for $8,250,000. This 17,784 square foot building was built in 1900 on a lot size of 0.2041.

The absolute best location in the Historic District. This massive 2 story building is nearly 18,000' and potentially can have additional floors and a rooftop facility. The zoning allows office, restaurants, bars, residence, STVR and more. Across from the Alida Hotel & RiverFront J.W. Marriott, this building has magnificent vistas of the Savannah River. Harwood floors, a large freight elevator and soaring ceilings make this a perfect fit.

Commercial Contingent

Price

^$ 8,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Lot Size

0.2041

Year Built

1900

Town/City

Savannah

County/Region

Chatham

MLS | Web ID

292061

Features

General

Sewer PublicSewer

Heating Central Electric

Cooling CentralAir Electric

Utilities UndergroundUtilities

Appliances ElectricWaterHeater

Zoning RFB

Security Features ElevatorSecured FireAlarm

Construction Materials Brick

Year Built 1900

Property SubType Retail

Current Use ServiceBusiness

Percent Ownership Owner/Agent

Community Features Curbs StreetLights Sidewalks

County Chatham County

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Contingency Due Diligence

Garage Y/N N

Building Features FreightElevator

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Located on Martin Luther King and River Street

City Savannah

View Y/N N

Senior Community Y/N N

Lot Size Units Acres

Lot Size Square Feet 8891.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Martin Luther King

Listing Terms Cash Item1031Exchange Other PrivateFinancingAvailable

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://my.matterport.com/show/?m=3t5498ghQmB&mls=1

Standard Status ActiveUnderContract

Property Sub Type Additional Retail

Expected Active Date 2023-07-13

Legal Description SOUTH PT LT 1 NORTH OGLETHORPE WARD

Exterior

Water Source Public

Lot Size Area 0.2041

Spa N

Lot Size Acres 0.2041

Road Surface Type Asphalt Other

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Boulevard

Electric On Property Y/N N

Internal Only

Street Number 1 3

* Excluded Features

List By

Engel & Volkers

Broker

richard.mopper@evrealestate.com

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$54,832

Per Month

Monthly Principal & Interest: $54,832
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Savannah, GA

Average List Price ^$1,565,526

Percent of Sale Price 81%

About Savannah, GA

147,502 Population

11% Since 2002

^$39,420 Median Income

33.54 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

298105 Elementary School

298323 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/13/2023	$8,250,000		Listed Price

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3 Martin Luther King Boulevard, Savannah, GA, 31401 is a Commercial Property for sale at $8,250,000 with 17,784 sqft and a lot size of 0.2041. 3 Martin Luther King Boulevard is a studio with 0.0 baths and was built in 1900. The property's zip code is 31401 which is in Savannah, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Savannah Board of REALTORS and Savannah Multi-List Corporation, and includes listings held by other brokerage firms. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

All information deemed reliable, but not guaranteed, and should be independently verified. All properties subject to prior sale, change, or withdrawl. Brokers shall not be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/4/2024.

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3 Martin Luther King Boulevard

Commercial Property for sale in Savannah, GA

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