Listed by Coldwell Banker Commercial Eberhardt & Barry
$1,850,000
362-378 Second Street
Details
APN R073-0253
Property Type Mixed Use
Sub Type Retail/Residential Storefront
Square Footage 13,721
Cap Rate 7.75%
NOI $143,318
Occupancy 92%
Tenancy Multi
Price per SqFt $135
Year Built 1900
Year Renovated 2024
Buildings 1
Stories 2
Acreage 0.210
Zoning CBD-1
Mixed Use | 7.75% CAP | 13,721 SqFt
Marketing 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%)
Investment highlights
- 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
Listing Contacts
Listed by Coldwell Banker Commercial Eberhardt & Barry
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,318.00
$11,943.17/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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