442 2nd St Macon, GA 31201-2740
This exceptional mixed-use commercial building, located at 442 2nd Street in Macon, Georgia, presents a unique investment opportunity. Boasting 4,948 square feet on a 0.06-acre lot, this two-story property offers a versatile layout ideal for a variety of uses. The main floor provides a wide-open space, perfect for retail or office space. The second floor features a loft apartment in the front half, complete with a closet and restroom, and a large open room with a restroom in the rear. Access to the roof is available from the third floor. Built in 1927 and renovated in 1970, this property benefits from its prime location in Macon's Central Business District, situated between Cherry Street and Poplar Street. Its high visibility and proximity to Atrium Health Medical Center (with approximately 4,600 employees) and Mercer University (with approximately 9,000 students) make it an attractive investment. The property is zoned CBD-1 and offers 27 feet of frontage on Second Street. Within walking distance are residential lofts, the Bibb & Federal Courthouse, government offices, financial institutions, shopping, entertainment, and places of worship. Public transportation also serves the area. The asking price is $375,000, translating to $75.79 per square foot. This property is priced to sell and represents a strong return on investment.
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 - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5…
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, 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 - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 - M-1 Wholesale and Light Industr
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.