Office Building with Original
New
For Sale
$459,000
637 Cherry Street, Macon, GA 31201
A corner-site layout includes private work areas, a conference room, and an unfinished upper floor.
Property Size1,961 SF
Days on Market7
Property Features for 637 Cherry Street
General Information
Standard status
Active
Size
1,961 SF
Property subtype
Commercial
Amenities
0.06 acres, City Lot, Corner Lot
Public Sewer
Parcel Number: Q0740179, Annual Amount: $3,156.25, Tax Block: TRIA, Year: 2025
Carpet, Concrete, Hardwood
Central Air
Central
Listing ID: 10867923, Standard Status: Active, MLS Status: New, On market as of 2026-10-05, 3 days on market, Special Conditions: Historic
On Street, Paid
Built in 1961, Construction Materials: Brick, Stucco
County/Parish: Bibb
Resale
Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available, Water Source: Public
Close Of Escrow
Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Other equipment: Fixtures
Building Details
Building Size
1,961 SF
Year Built
1961
Buildings
1
Listing Agency:
Realty Unlimited, LLC
(478) 250-9877
Listed By:
Mindy Attaway · License #306954
(678) 614-1940
Source:
Blackstreaminternational
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 10 at 2:47AM
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 Realty Unlimited, LLC
Investment Insights
Based on property information with market context.
Built in 1961, this downtown Macon office property combines six enclosed workrooms with a reception area and conference room. A functioning vault from the building’s former bank use remains in place. The lower floor has a break room, kitchenette, restrooms, mechanical and electrical areas, and storage. An unfinished upper level offers additional space to configure, subject to applicable requirements.
The property occupies the Cherry Street and Cotton Avenue corner, across from the Otis Redding Center for the Arts and Hotel 45. The courthouse is one block away, with downtown restaurants, businesses, and entertainment nearby.
The property occupies the Cherry Street and Cotton Avenue corner, across from the Otis Redding Center for the Arts and Hotel 45. The courthouse is one block away, with downtown restaurants, businesses, and entertainment nearby.
Key Highlights
- Six private offices, a reception area, and a conference room
- Original working bank vault remains in the building
- Lower level includes a break room, kitchenette, restrooms, building systems, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,202
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,040
$384.0K
Cap Rate 7%
$274,314
$274.3K
Cap Rate 9%
$213,356
$213.4K
Market Conditions
NOI Build-Up for 1,961 SF
Gross rent
$37.7K $19.20/SF
− Vacancy
−$12.0K −$6.14/SF
EGI
$25.6K $13.06/SF
− OpEx
−$6.4K −$3.26/SF
NOI
$19.2K $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%
$384,040
Cap Rate 7%
$274,314
Cap Rate 9%
$213,356
Alternative Uses
Best Use
Office B
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$375.2K
$328.3K – $437.7K
NOI $26,262 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,471
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - A corner-site layout includes private work areas, a conference room, and an unfinished upper floor.
Where is this office building located?
The property is located at 637 Cherry Street Macon, GA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Six private offices, a reception area, and a conference room; Original working bank vault remains in the building; Lower level includes a break room, kitchenette, restrooms, building systems, and storage
