Multi Family at 408 Martin Luther King Boulevard, Savannah
1 photo

$2,760,000

408 Martin Luther King Boulevard
Savannah, GA 31401
Listed by Travis O. Sawyer · Brand Name Real Estate, Inc
Bedrooms
0
Bathrooms
1
Living area
14,100 sqft
Year built
1900

About this home

A rare Savannah opportunity ready for its next chapter. This historic commercial building offers endless potential—ideal for retail, Multi unit residential/STVR, restaurant, or office space on the fully built-out ground floor and basement, with unfinished upper levels ready for creative redevelopment into offices, condos, or short-term rentals. For over a decade, this space has been a hub for local innovation and art, surrounded by exciting new growth and energy. From the rooftop and upper floors, enjoy sweeping views of the Talmadge Bridge, downtown skyline, and iconic church steeples. Zoned commercial with easy access to I-16, the Savannah Visitor Center, and steady foot traffic, this property is perfectly positioned for an investor or visionary ready to bring something new to life in the heart of Savannah. ZONED COMMERCIAL and can be used as STVR.

Property details

MLS
Hive MLS
MLS #
SA356876
Property type
Multi Family
Subdivision
Berrien Ward
Status
Active
Days on market
132
On market date
May 26, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.087 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Esther F. Garrison School for the Arts
0.21 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
775
Student:teacher ratio
11.4:1
District
Savannah-Chatham County
MiddleCharter
Susie King Taylor Community School Middle Grades Academy fo
0.95 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
87
Student:teacher ratio
17.4:1
District
Savannah-Chatham County
HighCharter
Savannah Classical Academy Charter High School
1.24 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
64
Student:teacher ratio
7.1:1
District
Savannah-Chatham County

Walkability

Blended score for Savannah's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

85
Highly walkable
out of 100
EPA National Walkability Index
17.0 / 20 -- Most walkable

Market position

How this listing compares to current activity in Savannah, from live MLS data.

On the market 132 days -- 46 more days than Savannah's current average of 86 days.
For reference, the median list price across 1,698 active listings in Savannah right now is $369,155.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$16,771/mo
$552,000 down
$2,208,000 loan
Principal & interest$14,321
Property tax (est.)$2,300
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.