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Property profile & analytics
OFF-MARKET
Investment properties

385 2nd St Macon, GA 31201-2735

8,694 SF 0.07 ac lot Built 1892
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US22-2165742
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Kennedy Clan LLC · 5 yrs held
Kennedy Clan LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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