36 Martin Luther King Jr Blvd - Hospitality FOR SALE
Savannah, GA 31401 |
$8,500,000 USD
912-547-2812
36 Martin Luther King Jr Blvd
Savannah, GA 31401
HIGHLIGHTS
- Situated in the heart of Savannah’s Historic Landmark District, the property benefits from high tourist traffic and proximity to key attractions.
- Ground-floor restaurant under a NNN lease and 12 STR units with significant room for revenue growth through strategic operations.
- Potential to increase ADR and RevPAR through dynamic pricing, enhanced branding, and expanded distribution channels.
- Strong demand in Savannah’s hospitality sector, driven by tourism and economic growth.
OVERVIEW
The property located at 36 Martin Luther King Blvd in Savannah’s Historic Landmark District offers a unique investment opportunity. This mixed-use asset comprises a ground-floor restaurant, Órale Tacos + Tequila, operating under a NNN lease, and twelve short-term rental (STR) units, functioning as but not marketed as a contactless check-in hotel. Through optimized pricing, branding, and distribution, this property is poised to attract a new owner-operator seeking a stabilized, long-term investment in Savannah’s booming hospitality market.
FOR SALE DETAILS
PRICE
$8,500,000 USD
PRICE/SF
$832 USD /SF
# OF ROOMS
12
PRICE/ROOM
$708,333 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
36 Martin Luther King Jr AirBNB
PROPERTY TYPE
Hospitality
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1870
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,723 SF
ZONING
BC1
APN/PARCEL ID
2-0016-16-005
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912-547-2812
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912-547-2812
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