408 Martin Luther King Boulevard, Savannah, GA, 31401
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.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater,Tankless Water Heater
Bedrooms & Bathrooms
- Bathrooms: 2
- 1/2 bathrooms: 2
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total interior livable area: 14,100 sqft
Property
Details
- Parcel number: 2003136007
- Zoning: BC
- Special condition: Standard
Lot
- Lot size: 3,790 sqft
- Features: City Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,753 | $165,036 |
| Home Insurance * | $1,472 | $17,664 |
| Property Taxes | $1,835 | $22,020 |
| Electricity | $1,369 | $16,439 |
| Total | $18,429 | $221,148 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-26 | Listed for sale | $2,719,900 |
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