Property profile

609 Cherry St Macon, GA 31201

OFF-MARKET
Investment properties
Property ID
US22-2406264
6,732 SF 0.05 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Class A, three-story office building at 609 Cherry Street, Macon, GA 31201, offers a variety of spaces, including executive, traditional, creative, and coworking options. The 6,750 square foot building, built in 1900 and extensively renovated in 2021, is located in the CBD-1 zone near 2nd Street. Currently, there are multiple tenancies available, with 240 square feet of vacant space. Individual suites range from 240 to 2,250 square feet. Suite 317 is available for $500 per month, and Suite 315 for $700 per month. Coworking spaces are also available at $150 per seat. All spaces are fully furnished and include shared restrooms, a break area, a copy area, and controlled access. Utilities such as power, water, high-speed internet, and Wi-Fi are included, along with copier access. Note that a conference room is available for rent at $20 per hour, with copy charges of $0.10 for black and white and $0.25 for color copies. The building offers up to 4 parking spaces. This newly renovated space is located on the third floor, accessible via two flights of stairs. APN: R073-0229.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1900
Total area 6,732 SF
Lot 0.05 ac (2,178 SF)
Zoning code CBD-1
APN R073-0229
UPID US22-2406264

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Architect
  • Roofing Company General Contractor
  • Financial Advisor

Location

609 Cherry St Macon, GA 31201-2623
Macon metro Census 13701 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2020
Last sale
$425,000
6 recorded transactions
2020
$425,000
2012
Price N/A
2012
$50,000
2012
Price N/A
2012
$50,000
2008
$148,084

Zoning & alternative use

CBD-1 · Macon, GA
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 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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