Commercial Office
For Sale
Contact for pricing
341 Third Street, Macon, GA 31201
For sale office building located at 341 Third Street in Macon, Georgia.
Property Size3,878 SF
Price / SF$186.95
Days on Market188
Property Features for 341 Third Street
General Information
Standard status
Active
Size
3,878 SF
Property subtype
Office
Zoning
CBD-1
Investment Type
Owner/User
Building Details
Year Built
1920
Stories
2
Listing Agency:
Bob Lewis & Associates Inc
Listed By:
Bob Lewis · License #GA 5655
Source:
Crexi
Added: Apr 17
Changed: Oct 13
Last Checked: Oct 20 at 6:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bob Lewis & Associates Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial office building at 341 Third Street offers a for-sale opportunity in Macon, Georgia.
The property is listed for sale at 341 Third Street, Macon, GA 31201, and is presented as an office building within the Commercial real estate and Office buildings categories.
The total property size is 3,878 square feet, providing space in a dedicated office format.
The property is listed for sale at 341 Third Street, Macon, GA 31201, and is presented as an office building within the Commercial real estate and Office buildings categories.
The total property size is 3,878 square feet, providing space in a dedicated office format.
Key Highlights
- Office building for sale at 341 Third Street, Macon, GA 31201
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,973
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,460
$759.5K
Cap Rate 7%
$542,471
$542.5K
Cap Rate 9%
$421,922
$421.9K
Market Conditions
NOI Build-Up for 3,878 SF
Gross rent
$74.5K $19.20/SF
− Vacancy
−$23.8K −$6.14/SF
EGI
$50.6K $13.06/SF
− OpEx
−$12.7K −$3.26/SF
NOI
$38.0K $9.79/SF
Area
Macon, GA
Vacancy
32.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,460
Cap Rate 7%
$542,471
Cap Rate 9%
$421,922
Alternative Uses
Best Use
Office B
$542.5K
$474.7K – $632.9K
NOI $37,973 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$741.9K
$649.2K – $865.6K
NOI $51,934 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - For sale office building located at 341 Third Street in Macon, Georgia.
Where is this office building located?
The property is located at 341 Third Street Macon, GA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Office building for sale at 341 Third Street, Macon, GA 31201; Built in 1920
