Excellent Income Investment Property
$2,999,999
640 North Ave, Macon, GA 31211
For Sale
Office
Building
Active
Last Updated: 05/27/2021
24,000 sqft
Building Size
2.65 acres
Lot Area
Details:
Building Size: 24,000 sqft
Lot Area: 2.65 acres
Occupancy: 93%
Zoning: C-4
Description:
93% Occupied with future rent escalations
W Scott Wilson Properties is pleased to exclusively offer for sale this two-tenant government office and dialysis building, located adjacent to Downtown Macon, GA at 640 North Avenue Suite D (the “Property”). The offering is comprised of an approximately 2.65 acres along with fee simple ownership rights to a 24,000 sq ft office building/dialysis center that is 62% leased by State Properties Commission and 31% leased by Macon Eastside Dialysis Center, LLC with 1600 sq ft vacant and held for expansion of ether tenant. This property is offered at an attractive cap rate just under 7% with future rent escalations from both tenants.
Location
Gallery
