1020 Riverside Dr

For SaleContact for pricing

1020 Riverside Dr, Macon, GA 31201

  • Office
  • Office Building
  • 1020 Riverside Dr

1020 Riverside Dr, Macon, GA 31201 - Office Space

1020 Riverside Dr is located at 1020 Riverside Dr in the Macon-Bibb County City neighborhood, GA, Macon, 31201. The Class C Office building was completed in 1987 and features a total of 7,500 Sqft.

There are 81 office spaces for lease in the Macon-Bibb County City neighborhood, totaling 263,725 Sqft of available office space. The office space availability for the 31201 zip code is 104,714 Sqft, in 28 office spaces. The average asking office rent per sq. ft. in Macon-Bibb County City is $14.92/sqft/year. For Class A office buildings the average office rate is $17.75/sqft/year, for Class B office buildings the average office rate is $16.15/sqft/year, for Class C office buildings the average office rate is $12.62/sqft/year.

In Macon-Bibb County City, there are 12 class C office buildings. At zip code level, there are 12 commercial properties, of which 12 are office buildings over 50,000 square feet.

Details

  • Sale Price Contact for pricing
  • City Macon
  • Neighborhood Macon-Bibb County City
  • Zip Code 31201
  • Property Type Office - Office Building
  • Property Size 7,500 Sqft
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1987
  • Date Updated 27 Mar, 2019
  • Construction Type Stucco

Description

Online Only Auction of 7,500±SF Office Building on 0.7± Acres in Macon, GA (Bibb County)
1020 Riverside Drive, Macon GA 31201
Bidding Opens: Wednesday, March 15 at 11:00 AM ET
Bid Deadline: Wednesday, March 22 at 11:00 AM ET
Inspection: Monday, March 20 at 11:00 AM ET SHARP
Sale Manager: Jeb Howell 770-841-9924 or Jeb@AMCbid.com
 
7,500± SF Single story stucco building constructed ca 1987 on 0.7± acre lot near downtown Macon on Riverside Drive at Franklin Street. The building is divided into numerous offices and hallways surrounding a central courtyard. Per tax plat, lot has 182 feet of frontage and curb cuts on Riverside Drive and 246 feet of frontage on Franklin Street. Riverside Drive Lane runs behind the building with curb cuts into large rear parking lot. Tax plat dimensions support a total lot size including parking lot of .74 acre although tax records indicate .36 acre.
 
For a purchase price above the minimum bid, Seller will offer financing to Qualified Purchasers on the following terms: 20% downpayment, 11.9% annual interest rate, payable in monthly installments, either (a) amortizing over a period of 15 years, or (b) Principal and Interest payments, plus escrow, with a balloon in 5 years.
 
 
Zoned CBD-2
Property Tax Class C-4
Tax Parcel # Q072-0070
2016 Estimated Bibb County Taxes $2,900.91
Per GDOT, 2015 annual average daily traffic counts on this part of Riverside Drive were 15,900.
 
 
 
 
 
 
Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, EM Deposit of 20% of purchase price, close by April 21, 2017.
The bid deadline for the asset is Wednesday, March 22nd, 2017 at 11:00 AM ET . Any bids placed within 5 minutes of the deadline will extend the deadline for 5 minutes. The bidding continues until 5 minutes pass with no additional bidding. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
 
 
 
AMC GAL#2503

Macon-Bibb Demographics

The average household income in zip code 31201 is $43,709, from a total of 3,291 households. In terms of employment, there are 89.86 % white-collar and 10.14 % blue-collar jobs in zip code 31201.

Population

  • Total Population153,490
  • Male Population(47.0 %) 72,065
  • Female Population(53.0 %) 81,425
  • Median Age36.20

Income/Financial

  • Average Household Income$61,037
  • Median Household Income$39,931
  • Median Income Under 25$18,083
  • Median Income 25-44$38,466
  • Median Income 45-64$47,363
  • Median Income Over 65$36,402

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