440 Martin Luther King Jr. Blvd - Office/Residential FOR SALE
Macon-Bibb, GA 31201 |
$6,000,000 USD
404-459-6193
440 Martin Luther King Jr. Blvd
Macon-Bibb, GA 31201
HIGHLIGHTS
- Strong Value Add Mixed-Use Building That Includes Several Tenants That Have Demonstrated Long Term Commitment to the Site
- Location - Strong Retail Corridor in the Heart of Downtown Macon With Traffic Counts Exceeding 26,000 Vehicles Per Day
- Management Upside – Opportunity to Renegotiate/Extend Leases and Raise Rents to Market (Rents in Vicinity For Retail Are $18-$22 Market Rent Per SF)
- Internet and Recession Proof Tenants
- Great 3-Mile Radius Demographics With a Population of 41,789 Residents
- Located in the Heart of Downtown Macon Which is the 4th Largest City in Georgia
OVERVIEW
Sands Investment Group is Pleased to Present For Sale the Mixed-Use Building Located in Macon, Georgia. This Deal Includes Strong Value Add Mixed-Use Building That Includes Several Tenants That Have Demonstrated Long Term Commitment to the Site, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
FOR SALE DETAILS
PRICE
$6,000,000 USD
PRICE/SF
$130 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value-Add Mixed Use Office (MLK Blvd)
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Storefront Retail/Office, Loft/Creative Space, Industrial Live/Work Unit
TOTAL BUILDING SIZE
-
STORIES
5
BUILDING CLASS
B
YEAR BUILT
1919
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,504 SF
ZONING
CBD1
APN/PARCEL ID
R073-0320
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404-459-6193
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404-459-6193
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