385 2nd St Macon, GA 31201-2735
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.
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.