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464 3rd St
Macon-Bibb, GA 31201
Retail Property For Sale


Investment Highlights
- Historic building constructed in 1884, offering significant redevelopment potential.
- Original architectural elements include a four-level light well and structural brick façade beneath current exterior.
- Convenient access with rear service alley and adjacency to a public parking structure.
- Expansive open floor plates suitable for adaptive reuse, creative office, or residential loft conversion.
- Includes working freight elevator and two passenger elevators requiring retrofit for future use.
- Located in downtown Macon near restaurants, retail, and governmental offices, with strong connectivity to major highways.
Executive Summary
This historic property in the heart of downtown Macon offers a distinctive opportunity to own approximately 28,692 square feet of versatile space. Built in 1884, the building’s architectural heritage and expansive, column-free floors provide remarkable flexibility for redevelopment projects such as mixed-use, office, hospitality, boutique retail, or loft-style residential units. A restored brick-and-stone façade and a dramatic four-level light well add character, appealing to developers and visionary investors alike.
The property includes features such as a working freight elevator, two passenger elevators (requiring retrofit), and a usable basement for additional functionality. Rear-alley service access complements convenient proximity to a municipal parking deck, enhancing accessibility for future tenants and customers. Located in Macon’s urban core, the site benefits from strong connectivity to I-16 and I-75, walkable downtown amenities, cultural attractions, and a growing base of residential, retail, and entertainment venues. This asset represents an opportunity to combine historic preservation with modern design, creating a landmark destination within the city’s economic revitalization zone.
The property includes features such as a working freight elevator, two passenger elevators (requiring retrofit), and a usable basement for additional functionality. Rear-alley service access complements convenient proximity to a municipal parking deck, enhancing accessibility for future tenants and customers. Located in Macon’s urban core, the site benefits from strong connectivity to I-16 and I-75, walkable downtown amenities, cultural attractions, and a growing base of residential, retail, and entertainment venues. This asset represents an opportunity to combine historic preservation with modern design, creating a landmark destination within the city’s economic revitalization zone.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
38,000 SF
Building Class
C
Year Built
1900
Price
$1,200,000
Price Per SF
$31.58
Tenancy
Single
Building Height
3 Stories
Building FAR
3.63
Lot Size
0.24 AC
Zoning
CBD-1
Frontage
47’ on 3rd Street
Property Taxes
| Parcel Number | R073-0335 | Improvements Assessment | $403,028 |
| Land Assessment | $83,600 | Total Assessment | $486,628 |
Property Taxes
Parcel Number
R073-0335
Land Assessment
$83,600
Improvements Assessment
$403,028
Total Assessment
$486,628
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