36 Martin Luther King Jr Boulevard

Savannah, GA 31401

$8,500,000
Price
18
Beds
18
Baths
10,215 Sq. Ft.
$832 / Sq. Ft.
10,215
Sq. Ft.
$832
per Sq. Ft.

Description

Located in Savannah's Historic Landmark District, 36 MLK is a prime mixed-use investment opportunity. This +/- 10,215 SF building features a ground-floor restaurant on a NNN lease, and 12 short-term rental units operating as an Apartment Hotel. The asset benefits from Savannah’s strong tourism market, high foot traffic, and its prime location near major attractions, presenting an excellent opportunity for growth and stable long-term income.Located in Savannah's Historic Landmark District, 36 MLK is a prime mixed-use investment opportunity. This +/- 10,215 SF building features a ground-floor restaurant on a NNN lease, and 12 short-term rental units operating as an Apartment Hotel. The asset benefits from Savannah’s strong tourism market, high foot traffic, and its prime location near major attractions, presenting an excellent opportunity for growth and stable long-term income.
  1. Listed by Brett Strickland • Engel & Volkers
    P: (912)-547-2812 C: (912)-547-2812 brett.strickland@evrealestate.com

Property Details for 36 Martin Luther King Jr Boulevard

Waterfront
No
Zoning
BC1
LISTING UPDATED: 09/30/2024 12:04 PM

Property Details for 36 Martin Luther King Jr Boulevard

StatusActive
MLS #319786
Days on Market36
Taxes$16,303 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1870
Lot Size0.06 AC / 2,744 SF
CountyChatham County

Building Information for 36 Martin Luther King Jr Boulevard

Stories2Residences-Year Built1870Building Size-Lot Size0.06 AC / 2,744 SF

Property Information for 36 Martin Luther King Jr Boulevard

Summary
Location and General Information
  • County Or Parish: Chatham
  • City: Savannah
  • Directions: North on MLK. Right on Congress. Building is on the corner of Congress and MLK.
  • Latitude: 32.080858
  • Longitude: -81.096815
  • Postal City: Savannah
  • Unparsed Address: 36 Martin Luther King Jr Boulevard
  • State Or Province: GA
  • Postal Code: 31401
Taxes and HOA Information
  • Tax Annual Amount: $16,303.00
  • Tax Legal Description: N 45FT OF LT 32 & PT OF LT 31 FRANKLIN WARD
  • Tax Lot: 32
  • Tax Year: 2023
  • Association: No
  • Parcel Number: 2001616005
Property
Lot Information
  • Living Area: 10,215.00
  • Living Area Source: Assessor
  • Lot Size Acres: 0.063
  • Lot Size Area: 0.063
  • Lot Size Dimensions: 45 X 60.5
  • Lot Size Square Feet: 2744.0
  • Lot Size Units: Acres
  • Stories Total: 2
Property and Assessments
  • CLIP: 4,491,967,787
  • Year Built: 1870
  • Common Walls: Two Common Walls Or More
  • Number Of Units Total: 0
  • Property Attached: Yes
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
Utilities
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Tankless Water Heater
  • Bathrooms Full: 18
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 18
  • Bedrooms Total: 18
  • Cooling: Electric, Zoned
  • Cooling: Yes
  • Heating: Electric, Zoned
  • Heating: Yes
Rental
Rental Information
  • ListingTerms: Arm,Cash,Exchange1031

Property History for 36 Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 36 Martin Luther King Jr Boulevard

Taxable ValueLand$130,720Additions$1,111,440Total$1,242,160
Home Facts
Total Finished SqFt8,215 SqFtAbove Grade Finished SqFt8,215 SqFtStories3Lot Size2,723 SqFtStyleOffice BuildingYear Built1870ZoningBC1CountyCHATHAMAPN2-0016 -16-005

Schools near 36 Martin Luther King Jr Boulevard

This home is within Chatham County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Bartow Elementary School
PublicPK to 5

Mercer Middle School
Public6 to 8

Groves High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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36 Martin Luther King Jr Boulevard is a multi-family home for sale in Savannah, GA 31401. This property was listed for sale on September 16, 2024 by Engel & Volkers, it's currently listed at $8,500,000. It has been on the market for a total of 36 days and was last sold on June 14, 2022. This listing's school district is Chatham County School District. Nearby schools include Bartow Elementary School, Mercer Middle School and Groves High School. 36 Martin Luther King Jr Boulevard is a 18-bed, 18-bath, 10,215 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Volkers

Based on information from one of the following Multiple Listing Services: Savannah Multi-List Corporation. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Savannah Multi-List Corporation is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.