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Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD-1 · Macon, GAapter 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 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD-1 in Macon, GA.
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