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362 2nd St 13,721 SF Retail Building Macon-Bibb, GA 31201 $1,850,000 ($134.83/SF) 7.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated between Cherry Street and Mulberry Street
- Mercer University less than a mile away with 9,000± students enrolled
- Atrium Health Medical Center blocks away with 4,600± employees
EXECUTIVE SUMMARY
See Brochure for Property Details
13,721± SF Two-Story Mixed-Use Building
- Five (5) Street-Level Retail Units (One Vacant)
- Eight (8) Upper-Level Loft Units (One Vacant)
Rental Income: $204,900 (@100%) - Expenses: $62,694 - NOI: $142,206 (@100%)
13,721± SF Two-Story Mixed-Use Building
- Five (5) Street-Level Retail Units (One Vacant)
- Eight (8) Upper-Level Loft Units (One Vacant)
Rental Income: $204,900 (@100%) - Expenses: $62,694 - NOI: $142,206 (@100%)
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,721 SF
Building Class
B
Year Built/Renovated
1900/1978
Price
$1,850,000
Price Per SF
$134.83
Cap Rate
7.69%
NOI
$142,206
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.21 AC
Zoning
CBD1
Frontage
89’ on 2nd St
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R073-0253 | Improvements Assessment | $178,536 |
| Land Assessment | $74,408 | Total Assessment | $252,944 |
PROPERTY TAXES
Parcel Number
R073-0253
Land Assessment
$74,408
Improvements Assessment
$178,536
Total Assessment
$252,944
CONTACTS
-
Stephanie Folsom -
Miriam Cheek -
Coldwell Banker Commercial Eberhardt & Barry, Inc.
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362 2nd St
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