737 Walnut StMacon, GA 31201

Property Details for 737 Walnut St

Year built

1945

Lot size

0.22 AC

Property size (Sq ft)

2,080 SF

Zone code

CBD-2

Property type

Office properties

Property subtype

Other office properties

APN

R073-0057

APU

R0730057

Description

This exceptional 2,080-square-foot office building is ideally situated in Macon's vibrant Central Business District (CBD). The property boasts a single-tenant occupancy, offering a versatile space perfect for a variety of businesses. The building's zoning classification is CBD-2, reflecting its prime location within the city's core commercial area. The single-story structure comprises a total of 2,080 square feet of usable space. For businesses requiring smaller footprints, the space is easily divisible into two equally sized 1,040-square-foot units, each available for $1,350 per month. This presents a unique opportunity for either a single tenant seeking a substantial office space or two separate tenants looking for efficient, centrally located offices. The property's address is 737 Walnut Street, Macon, Georgia, 31201. This location offers excellent access to local amenities, transportation networks, and the broader Macon business community. The building's single-tenant configuration provides a streamlined and efficient operational environment. The potential for division into two units adds significant flexibility and appeal to a wider range of prospective tenants. This property represents a compelling investment opportunity in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $264,564

  6.5%

  $244,212

  7%

  $226,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,725

  Geo Method

  $405,725

• Alternative Use

  Use

  Valuation

  Residential

  $302,823

  Hospitality

  $277,385

  Educational

  $230,781

  Medical

  $238,718

  Retail

  $358,992

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8408

Longitude

-83.6286

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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