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Property profile & analytics
OFF-MARKET
Turn key restaurants

442 2nd St Macon, GA 31201-2740

4,948 SF 0.06 ac lot Built 1927
Entity Owned 5-yr Hold Free & Clear
Property ID
US22-2229186
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1927
Total area 4,948 SF
Lot 0.06 ac (2,614 SF)
Zoning code CBD-1
APN R073-0364
UPID US22-2229186
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Urban Dev Concepts LLC · 5 yrs held
Urban Dev Concepts LLC
since 2021
Last sale
$215,000
4 recorded transactions
2021
Price N/A
2017
$215,000
2011
$50,000
2011
$50,000
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Central Business District
General category COMMERCIAL
Zone area 277.27 ac
Source Planning & Zoning Commission
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