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231 Riverside Dr
Macon, GA 31201

Office Property For Sale

PROPERTY FACTS

Property Type
Office
Building Size
43,500 SF
Building Class
A
Year Built/Renovated
1935/2007
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,750 SF
Building FAR
0.33
Lot Size
2.99 AC
Zoning
CBD1
Parking
2.37 Spaces per 1,000 SF Leased

About 231 Riverside Dr , Macon, GA 31201

See brochure for complete property information including financials. Property Overview • This Class "A" Office is uniquely situated in downtown Macon, Georgia just off the entrance ramp to Interstate 16. Located on the only office property adjacent to the Ocmulgee River, this beautiful, high-end, office building is 100% occupied. The two long term tenants have occupied their spaces since 2007. • The leases are full service with annual escalations based on CPI index. The anchor Tenant's lease of 38,864 RSF expires December 2031 with the secondary Tenant's lease expiring in 2022. Landlord is responsible for building maintenance, utilities and janitorial. TI Real Estate, the current management company is positioned to continue management for new ownership. This building is in pristine condition, with no deferred maintenance. Buyer may assume the mortgage which has a fixed rate of 4.58% for approximately 9 years. Property Highlights: • Total Square Feet - 43,500± (Excluding 7,000± SF Basement) • High end construction • 100% occupied – Two Tenants • Currently generating income of $631,192 annually • Buyer Profile: Investment Grade, Passive • Extensive Renovation: 16,420± SF in 2006 • Expansion 1: 17,150± SF in 2006 • Expansion 2: 9,930± SF in 2018 • Roof Type: Flat, Built-up • HVAC: Building Automation System, Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R074-0207
Land Assessment
$601,072
Improvements Assessment
$1,471,919
Total Assessment
$2,072,991
  • Listing ID: 16455391

  • Date on Market: 6/26/2019

  • Last Updated:

  • Address: 231 Riverside Dr, Macon, GA 31201

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