Excellent Income Investment Property

Completely renovated Great income stream from medical and Government tenants

W. Scott Wilson Properties LLC is please to offer  on this two-tenant building, located adjacent to Downtown Macon, GA at 640 North Avenue (the “Property”). The offering is comprised of an approximately 2.65  acres along with fee simple ownership rights to a 24,000 sq ft brick completely renovated  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 at 8.5% with future rent escalations  from both tenants.

 

  • Price: $2,458,000 
  • Acres: 2.65 
  • Utilities: All utilities 
  • Roads: North Avenue and Baconsfield Drive 
  • Square Feet: 24000 
  • Zoning: C-4 
  • Levels (Stories):
  • Active?: Yes