REDUCED-100% Occupied-9.3% CAP-Income Producing
| Property Use Type: | Investment |
| Type: | Office Office Building |
| Building Size: | 14,120 SF |
| Lot Size: | 0.42 Acres |
| Occupancy: | 100.00% |
| Price: | $1,390,000 |
| Price/SF: | $98.44 |
| Cap Rate: | 9.30% |
| Date Last Verified: | 1/5/2009 |
| Property ID: | 15652243 |
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Description:
Historical Building with approximately 14, 120 SF consisting of 7 suites. Brick Veneer/Frame construction. Built in 1920. Completely renovated in 2000 receiving recognition from the Macon Heritage Foundation in 2001 for outstanding contribution to the field of preservation. Situated on .42 Acres. Site fronts 66′ on Washington Avenue and 52.5′ on Orange Street. Zoned HR-3. 30 off street private parking allowing front door parking. 100% occupied with a monthly income of $13,057.50.
Neighbors consist ofMercer University, Mercer School of Medicine, MercerSchool of Law, Washington Library, Main Office United Postal Service, Medical Center of Central Georgia.
Historical Downtown Macon, Bibb County, Georgia – Less than 1 mile to I-75.