440 Martin Luther King Jr. Blvd | Macon-Bibb, GA 31201
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- LoopNet Team
440 Martin Luther King Jr. Blvd
Macon-Bibb, GA 31201
Value-Add Mixed Use Office (MLK Blvd) · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Value Add Mixed-Use Building That Includes Several Tenants That Have Demonstrated Long Term Commitment to the Site
- Management Upside – Opportunity to Renegotiate/Extend Leases and Raise Rents to Market (Rents in Vicinity For Retail Are $18-$22 Market Rent Per SF)
- Great 3-Mile Radius Demographics With a Population of 41,789 Residents
- Location - Strong Retail Corridor in the Heart of Downtown Macon With Traffic Counts Exceeding 26,000 Vehicles Per Day
- Internet and Recession Proof Tenants
- Located in the Heart of Downtown Macon Which is the 4th Largest City in Georgia
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
46,200 SF
Building Class
B
Year Built
1919
Percent Leased
20%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
9,240 SF
Slab To Slab
12’
Building FAR
3.42
Lot Size
0.31 AC
Zoning
CBD1 - Central Business District
AMENITIES
- Controlled Access
- Fitness Center
- Basement
PROPERTY TAXES
| Parcel Number | R073-0320 | Improvements Assessment | $1,905,703 |
| Land Assessment | $130,680 | Total Assessment | $2,036,383 |
PROPERTY TAXES
Parcel Number
R073-0320
Land Assessment
$130,680
Improvements Assessment
$1,905,703
Total Assessment
$2,036,383
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