For Sale
$1,395,000

110 Holiday DrMacon, GA 31210

High-yield Macon office building, 16,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a two-building, 16,000 square foot executive office complex situated on a one-acre lot in Macon, Georgia's desirable Tom Hill retail corridor at 110 Holiday Drive N, zip code 31210. The property boasts a C-2 zoning designation and features two stories. Currently, the building enjoys 83% occupancy, with a significant portion leased to long-term tenants: the Georgia Public Library (24 years) and the State Board of Workers' Compensation (4 years). These stable tenants contribute to a strong net operating income (NOI) of $114,264, yielding an 8.19% cap rate. However, the property's true potential shines through its pro-forma NOI of $164,025, resulting in an attractive pro-forma cap rate of 11.76%. Two move-in ready vacant suites, totaling approximately 5,540 square feet, offer immediate upside potential for increased revenue. The asking price is $1,395,000, translating to a price per square foot of $73.64. This multi-tenant property represents a compelling investment opportunity with significant potential for growth and strong cash flow. The property's location within the thriving Tom Hill retail area ensures high visibility and accessibility.

Highlights

  • $1,395,000 asking price for a stabilized multi-tenant office investment property.
  • 16,000 square feet across two, two-story buildings on a one-acre lot in Macon, GA.
  • 8.19% current cap rate, 11.76% pro-forma cap rate.
  • $114,264 current NOI, $164,025 pro-forma NOI.
  • 83% occupancy with potential for increased income from two vacant, move-in ready suites.
  • Located in the Tom Hill retail corridor of Macon, GA, zoned C-2.

Property Details for 110 Holiday Dr

Property type
Office properties
Square Feet
16,000 SF
Buildings
2
Stories
2
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.8983524
Longitude
-83.6868213
110 Holiday Dr, Macon, Georgia

FAQs

What type of property is this?
Office property - High-yield Macon office building, 16,000 SF
Where is the office property located?
The property is located at 110 Holiday Dr Macon, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: $1,395,000 asking price for a stabilized multi-tenant office investment property.; 16,000 square feet across two, two-story buildings on a one-acre lot in Macon, GA.; 8.19% current cap rate, 11.76% pro-forma cap rate.
How can I contact the broker?
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110 Holiday Dr
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