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514 Martin Luther King Jr Boulevard

Savannah, GA 31401
  • $3,100,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 281758
UPDATED: 39 min ago
$3,100,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 9,900
    SQFT
  • $313
    $/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 Teresa Cowart Team | RE/MAX Accent. Real estate listings held by brokerage firms other than Teresa Cowart Team | RE/MAX Accent 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: 2023-01-31T17:08:03.677.

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

  • Price: $3,100,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 39 min ago
  • MLS #: 281758
0
Beds
8
Baths
0
½ Baths
0.08
Acres
9,900
SQFT
$313
$/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 Fencing Brick Levels Three Or More Road Surface Type Asphalt Stories 3

Interior Features

Appliances Some Electric AppliancesDryerDishwasherElectric Water HeaterRangeRefrigeratorWasher Basement None Basement YN No Common Walls 1 Common Wall Cooling Central AirElectric Cooling YN Yes Flooring ConcreteWood Heating CentralElectric Heating YN Yes Interior Features High Ceilings

Property Features

Association YN No Community Features CurbsStreet LightsSidewalks Current Use Residential Lease Considered YN No Lease Term 12 Months Listing Agreement Exclusive Right To Sell Listing Terms CashConventional1031 Exchange Owner Pays Common Area MaintenanceInsuranceNoneTaxes Property Attached YN No Property Sub Type Retail Security Features Fire AlarmFire Sprinkler System Sewer Public Sewer Special Listing Conditions Standard Utilities Cable Available Water Source Public Zoning Description CommercialMixed Use

Listing courtesy of Pamela S. Chance of Keller Williams Realty: 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 Teresa Cowart Team | RE/MAX Accent. Real estate listings held by brokerage firms other than Teresa Cowart Team | RE/MAX Accent 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: 2023-01-31T17:08:03.677.

 
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