Two-Story Mixed-Use Office
For Sale
$475,000
720 North Avenue, Macon, GA 31211
Private offices, flexible work areas, meeting rooms, and distinct entrances serve the building’s two levels.
Property Size3,423 SF
Lot Size0.79 Acres
Price / SF$138.77
Days on Market147
Property Features for 720 North Avenue
General Information
Standard status
Active
Size
3,423 SF
Total Parking Spaces
14
Lot size
0.79 Acres
Property subtype
Commercial
Zoning
R-3
Site & Location
Neighborhood
Fort Hill
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,758
Amenities
private courtyard
private patio
wet bar
built-in bookshelves
gated backyard
Building Details
Building Size
3,423 SF
Year Built
1930
Buildings
2
Stories
2
Construction
brick
Listing Agency:
Oglethorpe Realty Company
(478) 217-2827
Listed By:
Heather Moody · License #392612
(478) 954-4595
Source:
Connersmithrealty
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 26 at 3:49AM
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 Oglethorpe Realty Company
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 two-story brick mixed-use property was built in 1930 and has office, meeting, and flexible work areas across two levels. The ground floor includes a lobby and reception area, private offices, flex rooms, a meeting wing, kitchen and break room, and restrooms. One office includes a private patio and wet bar. The upper floor has two private offices, a restroom, a shared area with built-in bookshelves, and both exterior and interior access. Exterior features include a courtyard, a gated backyard, a storage building, and a large parking area with driveway.
The property occupies a 0.79-acre lot at 720 North Avenue in Macon. It is near the intersection of Gray Highway, Nottingham, and North Avenue, with access to I-16 and I-75 and a short drive from downtown Macon. Zoning is R-3.
The property occupies a 0.79-acre lot at 720 North Avenue in Macon. It is near the intersection of Gray Highway, Nottingham, and North Avenue, with access to I-16 and I-75 and a short drive from downtown Macon. Zoning is R-3.
Key Highlights
- Two‑story brick building with office, meeting, and flexible work areas
- 0.79‑acre lot at 720 North Avenue, Macon, GA 31211
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,518
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,360
$670.4K
Cap Rate 7%
$478,829
$478.8K
Cap Rate 9%
$372,422
$372.4K
Market Conditions
NOI Build-Up for 3,423 SF
Gross rent
$65.7K $19.20/SF
− Vacancy
−$21.0K −$6.14/SF
EGI
$44.7K $13.06/SF
− OpEx
−$11.2K −$3.26/SF
NOI
$33.5K $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%
$670,360
Cap Rate 7%
$478,829
Cap Rate 9%
$372,422
Alternative Uses
Best Use
Office B
$478.8K
$419.0K – $558.6K
NOI $33,518 @ 7.0% cap · market cap 7.06%
Second Best
Mixed Use
$462.1K
$404.3K – $539.1K
NOI $32,347 @ 7.0% cap · market cap 6.81%
Theoretical Best
Healthcare Medical
$654.9K
$573.0K – $764.0K
NOI $45,841 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 31211, GA
15,867
Population
7,736
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
88%
High-School Grad
44.3 sq mi
ZIP Area
358
Density / Sq Mi
$51,595
Median Household Income
$35,525
Median Earnings
$918
Median Rent
$159,600
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?
Mixed-use property - Private offices, flexible work areas, meeting rooms, and distinct entrances serve the building’s two levels.
Where is this mixed-use property located?
The property is located at 720 North Avenue Macon, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑story brick building with office, meeting, and flexible work areas; 0.79‑acre lot at 720 North Avenue, Macon, GA 31211; Built in 1930
