110 Holiday DrMacon, GA 31210

Property Details for 110 Holiday Dr

Lot size

1.00 AC

Property size (Sq ft)

16,000 SF

Property type

Office properties

Description

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.

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8984

Longitude

-83.6868

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