Property Description
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13,721± SF Two-Story Mixed-Use Building
– Five (5) Street-Level Retail Units (Two Vacant)
– Eight (8) Upper-Level Loft Units (Two Vacant)
Rental Income:Â $201,000 (@100%) – Expenses: $61,914 –Â NOI: $139,086 (@100%)
– Located in the middle of Macon’s Central Business District
– Situated between Cherry Street and Mulberry Street
– Atrium Health Medical Center blocks away with 4,600± employees
– Mercer University less than a mile away with 9,000± students enrolled
– Walking distance to shopping, entertainment, religious organizations and banks
– Two major highways – Interstate 75 & 16
Property Details
Sale Type
For Sale
Property Type
Investment
Zoning
CBD-1, Central Business District
Building sq. ft.
13,721 sq. ft.
- 13,721 sq. ft.
(+/-)
Lot Size
0.21 acres (+/-)
Year Built
1900 / 2024
Stories
2
Parking Spaces
On-Street
Roof Age
TPO (Replaced 2015)
Multi Tenant
Yes
Property Pricing
Sale Price
$1,850,000
Cap Rate
7.52%