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514 Martin Luther King Jr Boulevard

Savannah, GA 31401
  • $2,950,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 281758
UPDATED: 66 min ago
$2,950,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 9,900
    SQFT
  • $298
    $/SQFT
Type:
Commercial
Built:
1912
County:
Area:

School Ratings & Info

Description

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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© 2023 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxe Real Estate Services. Real estate listings held by brokerage firms other than Luxe Real Estate Services are marked with the name of the listing brokers. IDX information is provided exclusively 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 last updated: 2023-06-02T11:07:57.043.

www.luxerealestatega.com/homes/135760961
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514 Martin Luther King Jr Boulevard Savannah, GA 31401

  • Price: $2,950,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 66 min ago
  • MLS #: 281758
0
Beds
8
Baths
0
½ Baths
0.08
Acres
9,900
SQFT
$298
$/SQFT
1912
Built
County:
Chatham
Area:
Savannah
Property Description
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.
Exterior Features

Architectural Style Victorian Construction Materials Brick Fencing Brick Levels Threeormore Road Surface Type Asphalt Stories 3

Interior Features

Appliances SomeelectricappliancesDryerDishwasherElectricwaterheaterRangeRefrigeratorWasher Basement None Basement YN No Common Walls Item1CommonWall Cooling CentralairElectric Cooling YN Yes Flooring ConcreteWood Heating CentralElectric Heating YN Yes Interior Features Highceilings

Property Features

Association YN No Community Features CurbsStreetlightsSidewalks Current Use Residential Lease Considered YN No Lease Term Item12Months Listing Agreement Exclusiverighttosell Listing Terms CashConventionalItem1031exchange Owner Pays CommonareamaintenanceInsuranceNoneTaxes Property Attached YN No Property Sub Type Retail Security Features FirealarmFiresprinklersystem Sewer Publicsewer Special Listing Conditions Standard Utilities Cableavailable Water Source Public Zoning Description CommercialMixed Use

Listing courtesy of Pamela S. Chance of Keller Williams Coastal Area P: 912-356-5001. © 2023 Savannah Multi-List Corporation. All rights reserved.


© 2023 Savannah Multi-List Corporation. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxe Real Estate Services. Real estate listings held by brokerage firms other than Luxe Real Estate Services are marked with the name of the listing brokers. IDX information is provided exclusively 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 last updated: 2023-06-02T11:07:57.043.

 
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