362-378 Second Street
$1,850,000
362-378 Second Street Macon, GA 31201
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About this listing
DESCRIPTION
See Brochure for Property Details
13,721± SF Two-Story Mixed-Use Building
- Five (5) Street-Level Retail Units (Fully Leased)
- Eight (8) Upper-Level Loft Units (One Vacant)
Rental Income: $206,100 (@100%) - Expenses: $62,782 - NOI: $143,318 (@100%)
AREA
- Located in the middle of Macon's Central Business District
- Situated between Cherry Street and Mulberry Street
- Atrium Health Medical Center blocks away with 4,600± employees
- Mercer University less than a mile away with 9,000± students enrolled
- Walking distance to shopping, entertainment, religious organizations and banks
- Two major highways - Interstate 75 & 16
-
Cap Rate
7.75%
-
NOI
$143,318
-
Building Size
13,721 sqft
-
Lot Area
0.21 acres
-
Occupancy
92%
-
Units
13
-
Price Per Sqft
$134.83
-
Zoning
CBD-1
Details
- • Annual Tax: $ 12510.0
- • Max Contiguous Area: 13721.0
- • Min Divisible Area: 13721.0
