442 2Nd St Macon, GA 31201
- Turn key restaurants
- 4,948 SF
- 0.06 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 442 2Nd St
- Year built
- 1927
- Lot size
- 0.06 lot acres
- Property size
- 4,948 SF
- Zone code
- CBD-1
- Property type
- Turn key restaurants
- APN
- R073-0364
- APU
- R0730364
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $185,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $180,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $195,000
- Mixed-Use
- $220,000
- Hospitality
- $215,000
- Educational
- $235,000
- Residential Income
- $230,000
- Energy
- $215,000
- Income-Based Land
- $240,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.6292
- Latitude
- 32.8359
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA