Historic Mixed-Use
For Sale
$1,800,000
519 Plum St, Macon, GA 31201
Two connected buildings offer adaptable commercial space, loft-style accommodations, and a private landscaped courtyard in Downtown Macon.
Property Size13,777 SF
Days on Market48
Property Features for 519 Plum St
General Information
Standard status
Active
Size
13,777 SF
Property subtype
Retail - Street Retail
Additional Details
Fenced Yard
Yes
Amenities
private courtyard
Building Details
Building Size
13,777 SF
Year Built
1910
Buildings
2
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
Listed By:
Stephanie Folsom · License #209962
(800) 926-0990
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 16 at 6:20AM
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 Coldwell Banker Commercial Eberhardt & Barry
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 mixed-use offering includes two connected buildings at 519 and 513 Plum Street with a private courtyard between them. The primary 10,200 SF+/- commercial building features an expansive open floor plan, 16'+/- ceilings, exposed structural beams, and historic architectural elements. Its layout can remain open or be reconfigured for a range of commercial applications.
The adjoining 3,577 SF+/- two-story building was built out in 2020/2021 and includes three bedrooms, multiple baths, living and flex areas, an eat-in kitchen, laundry/mudroom, and storage. The building opens onto a private, gated courtyard with mature landscaping, brick walkways, and artificial turf installed in 2021. Together, the buildings provide a distinctive combination of large-format commercial space, flexible secondary accommodations, and outdoor gathering space in Downtown Macon.
The adjoining 3,577 SF+/- two-story building was built out in 2020/2021 and includes three bedrooms, multiple baths, living and flex areas, an eat-in kitchen, laundry/mudroom, and storage. The building opens onto a private, gated courtyard with mature landscaping, brick walkways, and artificial turf installed in 2021. Together, the buildings provide a distinctive combination of large-format commercial space, flexible secondary accommodations, and outdoor gathering space in Downtown Macon.
Key Highlights
- 10,200 SF+/- primary commercial building with an expansive open interior
- 16'+/- ceilings, exposed structural beams, and historic architectural details
- Adjoining 3,577 SF+/- two‑story building built out in 2020/2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,095
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,621,900
$2.6M
Cap Rate 7%
$1,872,786
$1.9M
Cap Rate 9%
$1,456,611
$1.5M
Market Conditions
NOI Build-Up for 13,777 SF
Gross rent
$198.4K $14.40/SF
− Vacancy
−$11.1K −$0.81/SF
EGI
$187.3K $13.59/SF
− OpEx
−$56.2K −$4.08/SF
NOI
$131.1K $9.52/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,621,900
Cap Rate 7%
$1,872,786
Cap Rate 9%
$1,456,611
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $131,095 @ 7.0% cap · market cap 7.28%
Second Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,193 @ 7.0% cap · market cap 7.23%
Theoretical Best
Healthcare Medical
$2.64M
$2.31M – $3.08M
NOI $184,502 @ 7.0% cap · market cap 10.25%
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
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,419
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected buildings offer adaptable commercial space, loft-style accommodations, and a private landscaped courtyard in Downtown Macon.
Where is this mixed-use property located?
The property is located at 519 Plum St Macon, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10,200 SF+/- primary commercial building with an expansive open interior; 16'+/- ceilings, exposed structural beams, and historic architectural details; Adjoining 3,577 SF+/- two‑story building built out in 2020/2021
