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530 MLK Blvd Savannah GA 530 Martin Luther King Jr Blvd 1,944 SF of Retail Space Available in Savannah, GA 31401
Highlights
- Within walking distance to SCAD
- Close to multifamily communities
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 530 | 1,944 SF | Negotiable | $42.71 CAD/SF/YR $3.56 CAD/SF/MO $83,029 CAD/YR $6,919 CAD/MO | Modified Gross |
1st Floor, Ste 530
Ideal for a restaurant, bar, café, wellness, or creative retail concept, the space features attractive interior details and valuable existing restaurant infrastructure, including a kitchen area, grease trap, commercial hood, and stub-outs for two restrooms. Its corner location and growing surrounding residential base create an excellent opportunity to serve downtown residents, students, young professionals, and visitors.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
- Retail/Restaurant space
- Partially built out for a bar or restaurant
- Existing kitchen area, hood, grease trap
- Prominent Corner MLK and Huntingdon St
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,944 SF | Gross Leasable Area | 5,184 SF |
| Property Type | Retail | Year Built/Renovated | 1930/1990 |
| Total Space Available | 1,944 SF |
| Property Type | Retail |
| Gross Leasable Area | 5,184 SF |
| Year Built/Renovated | 1930/1990 |
About the Property
Prominently located at the corner of Martin Luther King Jr. Boulevard and Huntingdon Street, this distinctive retail/restaurant space sits in the heart of one of downtown Savannah’s most active and evolving corridors. The property is within walking distance of SCAD, downtown restaurants and retailers, and newer desirable multifamily communities including The Bowery and Skylark.
Nearby Major Retailers
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530 MLK Blvd Savannah GA | 530 Martin Luther King Jr Blvd
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