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2423 Martin Luther King Jr Blvd - MLK & 41st Development Opportunity 0.74 Acres of Residential Land Offered at $1,700,000 in Savannah, GA 31415
Executive Summary
An exceptional opportunity to develop in the heart of Savannah’s MLK-Montgomery Enterprise Zone. The site consists of seven contiguous lots undergoing recombination with conceptual plans for 20 townhomes or 44+ multifamily units.
Subject Properties:
518 W 41st St, Savannah, GA 31401 PIN: 20073 27017
516 W 41st St, Savannah, GA 31401 PIN: 20073 27016
514 W 41st St, Savannah, GA 31401 PIN: 20073 27015
512 W 41st St, Savannah, GA 31401 PIN: 20073 27014
510 W 41st St, Savannah, GA 31401 PIN: 20073 27013
2423 Martin Luther King BLVD, Savannah, GA 31401 PIN: 20073 27012
2415 Martin Luther King BLVD, Savannah, GA 31401 PIN: 20073 27011
Total Land Area: + 0.74 acres
Zoning: TC-1
Development Potential: 20 townhomes or 44+ multifamily units, along with diverse commercial development options permitted under TC-1 zoning, allowing for a mix of retail, office, and service-oriented businesses to complement residential use.
Enterprise Zone Benefits: Tax incentives & development benefits
Location Highlights
Situated in a high-growth corridor, these lots are ideally positioned near major economic drivers and key city attractions:
Proximity to Downtown Savannah: Minutes from the Historic District
Savannah College of Art & Design (SCAD): Expanding student & faculty housing demand
Westside Revitalization: Rapid development & increasing property values
Transit Accessibility: Close to major thoroughfares and public transit
Starland Yard & Streetcar District Attractions: Close to Starland Yard, a vibrant food truck park and entertainment venue, as well as unique shops, bars, and restaurants in the Streetcar District.
Exciting New Developments Nearby: The area is experiencing rapid revitalization with new mixed-use projects, creative workspaces, and boutique hospitality developments shaping the neighborhood’s future.
Materials: Site & Conceptual Plans
- Survey
- Conceptual Site Plans
Subject Properties:
518 W 41st St, Savannah, GA 31401 PIN: 20073 27017
516 W 41st St, Savannah, GA 31401 PIN: 20073 27016
514 W 41st St, Savannah, GA 31401 PIN: 20073 27015
512 W 41st St, Savannah, GA 31401 PIN: 20073 27014
510 W 41st St, Savannah, GA 31401 PIN: 20073 27013
2423 Martin Luther King BLVD, Savannah, GA 31401 PIN: 20073 27012
2415 Martin Luther King BLVD, Savannah, GA 31401 PIN: 20073 27011
Total Land Area: + 0.74 acres
Zoning: TC-1
Development Potential: 20 townhomes or 44+ multifamily units, along with diverse commercial development options permitted under TC-1 zoning, allowing for a mix of retail, office, and service-oriented businesses to complement residential use.
Enterprise Zone Benefits: Tax incentives & development benefits
Location Highlights
Situated in a high-growth corridor, these lots are ideally positioned near major economic drivers and key city attractions:
Proximity to Downtown Savannah: Minutes from the Historic District
Savannah College of Art & Design (SCAD): Expanding student & faculty housing demand
Westside Revitalization: Rapid development & increasing property values
Transit Accessibility: Close to major thoroughfares and public transit
Starland Yard & Streetcar District Attractions: Close to Starland Yard, a vibrant food truck park and entertainment venue, as well as unique shops, bars, and restaurants in the Streetcar District.
Exciting New Developments Nearby: The area is experiencing rapid revitalization with new mixed-use projects, creative workspaces, and boutique hospitality developments shaping the neighborhood’s future.
Materials: Site & Conceptual Plans
- Survey
- Conceptual Site Plans
Property Facts
| Price | $1,700,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| Sale Conditions | Total Lot Size | 0.74 AC | |
| No. Lots | 1 | Cross Streets | W 41st |
| Property Type | Land | ||
| Zoning | TC-1 | ||
| Price | $1,700,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.74 AC |
| Cross Streets | W 41st |
| Zoning | TC-1 |
1 Lot Available
Lot
| Price | $1,700,000 | Lot Size | 0.74 AC |
| Price Per AC | $2,297,297.30 |
| Price | $1,700,000 |
| Price Per AC | $2,297,297.30 |
| Lot Size | 0.74 AC |
7 contiguous lots with frontage on Martin Luther King Jr. Blvd totaling +/- .74 acres.
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (73)
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2423 Martin Luther King Jr Blvd - MLK & 41st Development Opportunity
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