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    418 3Rd St Macon, GA 31201

    For Lease
    $18 SF/Yr ($6,103 /Mo)

    First-generation restaurant space in a mixed-use development in Downtown Macon.

    Property size:
    4,069 SF
    Lot size:
    0.84 Acres

    Property Features for 418 3Rd St

    General Information

    Size
    4,069 SF
    Lot size
    0.84 Acres

    Source: Coldwell Banker Commercial | Eberhardt & Barry Agent Stephanie Folsom

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Neel's Lofts

    This first-generation restaurant space, encompassing approximately 4,069 square feet, is located within the Neel's Lofts mixed-use development in Downtown Macon. Completion is anticipated in January 2026. Neel's Lofts is a four-story development on Cherry Street and Third Street, featuring 95 luxury lofts, two retail storefronts, a coworking space, and a restaurant opportunity. The space has a seating capacity of approximately 140. The owner's buildout investment includes four 5-ton HVAC units, 3-phase electrical, ample outlets, plumbing stubbed, hood chase, sheetrock walls, exposed ceilings, restrooms, water and gas meters, a grease trap, and fire sprinklers. A tenant improvement allowance of $242,000 is available for light fixtures, flooring, paint, and kitchen fixtures. Suite features include separate water and gas meters, a grease trap, fire sprinklers, and fully stubbed utilities. The space is suitable for a multi-restaurant owner with a vision for expansion and a commitment to operational excellence. Bar-only concepts are excluded. Live music is not permitted past 10 PM due to the 95 luxury lofts above. Financing is available through NewTown Macon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Grow fresh local

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6274282
    Latitude
    32.8350877

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    FAQs

    What type of property is this?
    Restaurant - First-generation restaurant space in a mixed-use development in Downtown Macon.
    Where is this restaurant located?
    The property is located at 418 3Rd St Macon, GA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - First-generation restaurant space in Neel's Lofts, a new mixed-use development in Downtown Macon.; - Substantial $242,000 tenant improvement allowance to customize the space.; - Includes essential infrastructure: four 5-ton HVAC units, 3-phase electrical, ample outlets, plumbing stubbed, hood chase, sheetrock walls, exposed ceilings, restrooms, water and gas meters, grease trap, and fire sprinklers.
    (478) 746-8171
    Request Owner's contact information
    418 3Rd St Macon, GA 31201
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    Macon, GA 31201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    418 3Rd St Macon, GA 31201
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