350 2nd St Macon, GA 31201-2736
This exceptional opportunity presents the acquisition of The Woodward Hotel, a charming, locally-owned boutique hotel situated in the heart of historic downtown Macon, Georgia. This 4,864 square foot property, built in 1890 and extensively renovated in 2021, boasts nine uniquely designed guest rooms – five king rooms, two junior queen rooms, one ADA-compliant king room, and one double queen room. Each room features luxurious linens, plush mattresses, designer-tiled ensuite bathrooms, custom upholstery, and cozy reading chairs. A key feature is the acclaimed Quill Cocktail Bar, a literature-inspired establishment open to the public and recognized as one of "Seven Hotel Bars Worth a Stay" by Garden & Gun magazine. The hotel also includes an indoor lounge and a rooftop patio, providing ample space for guests to relax and enjoy. The property sits on a 0.07-acre lot (APN: R073-0251) and is zoned CBD-1. Further enhancing the investment potential, this sale includes three leased retail suites and seven loft units (six one-bedroom and two two-bedroom) totaling 13,721 square feet in a separate building at 362-378 Second Street, built in 1900 and renovated in 2023. These additional units offer significant expansion possibilities, with the loft units easily convertible into additional hotel rooms and the vacant retail spaces suitable for restaurant conversion. The asking price for this combined property is $2,250,000.
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Quill at The Woodward Bar & Pub Nightclub
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The Woodward Hotel Hotel & Motel
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The Woodward Hotel & Quill Cocktail Bar Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD-1 · Macon, GAMacon. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.