606 Cherry St | Macon-Bibb, GA 31201
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606 Cherry St
Macon-Bibb, GA 31201
Truist Mixed Use Building - Macon, GA · Office Property For Sale
Investment Highlights
- Mixed-Use Building That Includes a Truist Bank With Deposit Amounts That Exceeds $833M in Deposits as of June 30, 2023
- Located in Strong Retail Corridor in the Heart of Downtown Macon With Traffic Counts Exceeding 26,000 Vehicles Per Day
- Internet and Recession Proof Tenants
- Management Upside – Opportunity to Renegotiate/Extend Leases and Raise Rents to Market (Rents in Vicinity For Retail Are $18-$22 Market Rent Per SF)
- Great 3-Mile Radius Demographics With a Population of 40,000+ Residents
- Located in the Heart of Downtown Macon Which is the 4th Largest City in Georgia
Executive Summary
Sands Investment Group is Pleased to Present For Sale One of the Top Performing Truist Locations in Georgia in a Mixed-Use Building Located in Downtown Macon, Georgia. This Deal Includes a Mix of Long Term Tenants With an Anchored Tenant in Truist, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
82,156 SF
Building Class
B
Year Built/Renovated
1955/1973
Price
$8,500,000
Price Per SF
$103
Percent Leased
89%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
16,431 SF
Slab To Slab
12’
Building FAR
1.41
Lot Size
1.34 AC
Zoning
CBD-1 - Central Business District
Amenities
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | Q074-0378 | Improvements Assessment | $2,621,094 |
| Land Assessment | $290,840 | Total Assessment | $2,911,934 |
PROPERTY TAXES
Parcel Number
Q074-0378
Land Assessment
$290,840
Improvements Assessment
$2,621,094
Total Assessment
$2,911,934
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