Property profile

385 2nd St Macon, GA 31201

OFF-MARKET
Investment properties
Property ID
US22-2165742
8,694 SF 0.07 ac lot Built 1892
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 385 Second Street in Macon, Georgia, presents a unique investment opportunity. The 8,694 square foot building, situated on a 0.07-acre lot, boasts a prime downtown location near the intersection of Cherry Street and Second Street. Built in 1892 (with effective year 1965) and currently undergoing renovations, this three-story structure offers significant potential. The first floor, encompassing approximately 2,898 square feet, is currently leased, with the tenant responsible for utilities. This floor includes two restrooms. The second and third floors, each approximately 2,898 square feet, are unfinished, providing a blank canvas for future development or expansion. Access is convenient via Second Street or Cotton Avenue, with a covered front entry adding to the property's appeal. An existing elevator shaft is also present. The property benefits from on-street parking and is zoned CBD-1, reflecting its central business district location. Its proximity to major employers like Atrium Health Medical Center (4,600+ employees), Piedmont Hospital (1,430+ employees), and Mercer University (9,000+ students) ensures high foot traffic and potential for strong tenant demand. The surrounding area offers a vibrant mix of residential lofts, courthouses, government offices, financial institutions, shopping, entertainment, and places of worship, all within walking distance. Public transportation also serves the area. The 2024 property tax bill is $5,797. This is an ideal opportunity for investors seeking a high-growth area with strong potential for return.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1892
Total area 8,694 SF
Lot 0.07 ac (3,049 SF)
Zoning code CBD-1
APN R073-0231
UPID US22-2165742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

385 2nd St Macon, GA 31201-2735
Macon metro Census 13701 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2020
Last sale
$312,000
5 recorded transactions
2020
$312,000
2012
Price N/A
2007
$160,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD-1 · Macon, GA
Zoning description

apter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 - C-2 General Commercial District Chapter 13A -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 385 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message