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Property profile & analytics
FOR SALE
Investment properties

391 2Nd St Macon, GA 31201

6,732 SF 0.05 ac lot Built 1892
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US22-2522547
Property summary
AI-generated overview

This exceptional 6,732 square foot, three-story retail and office building is situated in the heart of Downtown Macon, Georgia, at 391 Second Street. Boasting a prime location near the intersection of Cherry Street and Second Street, this property offers unparalleled access to a vibrant urban environment. The building features approximately 2,244 square feet per floor, with the first floor finished and the second and third floors currently unfinished, presenting a unique opportunity for customization. Built in 1892 and effectively renovated in 1970, the property sits on a 0.05-acre lot and benefits from convenient on-street parking. Its CBD-1 zoning allows for a variety of commercial uses. The strategic location provides proximity to major employers, including Atrium Health Medical Center (4,600+ employees) and Piedmont Hospital (1,430+ employees), as well as Mercer University (9,000+ students). Within walking distance are residential lofts, courthouses, government offices, financial institutions, shopping, entertainment venues, and places of worship. Public transportation is readily accessible. The 2024 property tax bill is $4,050. This property presents a compelling investment opportunity in a thriving downtown area. The asking price is $539,000.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1892
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,732 SF
Lot 0.05 ac (2,178 SF)
Zoning code CBD-1
APN R073-0230
UPID US22-2522547
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
Current use
Occupant on record · Public records
  • HOWE'S CAFE Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Kennedy Clan LLC · 7 yrs held
Kennedy Clan LLC
since 2018
3 recorded transactions
2018
$247,000
2007
Price N/A
2007
$154,500
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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