391 2Nd StMacon, GA 31201

Property Details for 391 2Nd St

Year built

1892

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

6,732 SF

Zone code

CBD-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

R073-0230

APU

R0730230

Description

This exceptional 6,732 square foot, three-story retail and office building is situated in the heart of Downtown Macon, Georgia, at 391 Second Street. Boasting a prime location near the intersection of Cherry Street and Second Street, this property offers unparalleled access to a vibrant urban environment. The building features approximately 2,244 square feet per floor, with the first floor finished and the second and third floors currently unfinished, presenting a unique opportunity for customization. Built in 1892 and effectively renovated in 1970, the property sits on a 0.05-acre lot and benefits from convenient on-street parking. Its CBD-1 zoning allows for a variety of commercial uses. The strategic location provides proximity to major employers, including Atrium Health Medical Center (4,600+ employees) and Piedmont Hospital (1,430+ employees), as well as Mercer University (9,000+ students). Within walking distance are residential lofts, courthouses, government offices, financial institutions, shopping, entertainment venues, and places of worship. Public transportation is readily accessible. The 2024 property tax bill is $4,050. This property presents a compelling investment opportunity in a thriving downtown area. The asking price is $539,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,775

  6.5%

  $980,100

  7%

  $910,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,035,373

  Geo Method

  $2,035,373

• Alternative Use

  Use

  Valuation

  Residential

  $980,100

  Hospitality

  $897,766

  Educational

  $746,931

  Medical

  $772,619

  Retail

  $1,161,892

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.837

Longitude

-83.6291

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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