$2,200,000 518 Martin Luther King Jr Boulevard Savannah, GA

MLS: 216952   Type: Commercial   County: Chatham   City: Savannah   Zip: 31401   Style: Victorian     Stories: 2   Taxes: $8,142

Mortgage $10,329 /mo



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The Rosenhoff Block Building is a mixed use property in the Savannah Historic Landmark District built in 1912. It was purchased and rehabbed in 2001-2002, receiving the 2002 Compatible Rehabilitation Award by the Historic Savannah Foundation. It contains approximately 6,208 square feet, with the ground floor as retail/office currently zoned D-C (see attachments) and the upstairs is being utilized as residential consisting of two 3 bedroom 1 bath units with an excellent rental history and favorable income. This listing also includes a large courtyard (that previously was a structure) as well as an additional parcel which is now used as a parking lot. Excellent opportunity for owner occupied business utilizing the courtyard for outside seating and offering customers off street parking. Use the additional residential units above as a source of income or occupy units as owner. Potential for possible expansion with the adjoining parcels.

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Price History

12/3/2019 Listed $2,200,000

Accessibility Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Association Y/N No
Building Name Rosenhoff Block Building
Community Features Curbs, Gutter, Sidewalks
Current Use Residential
Flooring Concrete, Hardwood, Tile
Levels Two
Property Attached Y/N Yes
Property SubType Retail
Property Type Commercial Sale
Stories 2
Terms Cash, Conventional, 1031 Exchange
Zoning BC
Zoning Description Commercial, Mixed use

Interior Features

Air Conditioning Y/N Yes
Appliances Some Electric Appliances, Dryer, Range, Refrigerator, Washer
Common Walls 1 Common Wall
Cooling Central Air, Electric
Fireplace Y/N Yes
Full Baths 4
Heating Central, Electric
Heating Y/N Yes
Interior Features Fireplace, High Ceilings
Living Area 6326
Total Baths 4
Total Bedrooms 6

Exterior Features

Architectural Style Victorian
Construction Materials Brick
Exterior Features Fence, Street Lamp
Fencing Chain Link
Lot Size Acres 0.32
Lot Size Square Feet 13939
Number of Lots 3
Road Surface Type Asphalt
Sewer Public Sewer
Total Parking 6
Water Source Public

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Property vs Zip Code Avg (31401)

Price 2.20M Avg 1.75M

Sqr Feet 6,326 Avg 5,757

Cost / Sqr Ft $348 Avg $305

Taxes $8,142 Avg $4,874

Acres 0.32 Avg 0.12

Visits 48 Avg 54

Days on Site 46 Avg 193

Walkscore® 91 Avg 86

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Keller Williams Coastal Area Partners

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