Under Contract
$500,000

2742 Millerfield Road Macon, GA 31217

2742 Millerfield Road 2742 Millerfield Rd Duresville Negro Elementary 1949 Historical so Historic Tax Credits Appy and Opportunities Zone Summary of Site 3 Building on 4 Acres First Building 3k sq ft is basically turnkey permit for electrical is in process. Second Building 7k sq ft and has 8 rooms 2 bathrooms and 2 offices. Estimated cost is for turnkey is 10k for electrical and install minisplits A/C per unit. Third Building is 12k sq ft with 8 rooms with bathrooms which is converting to apartments total sq ft per unit 812-830 sq ft . Also there is a Cafeteria space of 4k sq and a Kitchen which conversion into shared kitchen space. Basic cost analysis is 170k for full conversion of properties. The ROI is basically 16 units at a conservative rate of $800 per month is $11,200.00 per month total. Event Space has a Roi of estimated minimum $2,000. The Cafeteria space and Shared kitchen is in high demand for Vendor with Food trucks etc . A shared kitchen is a requirement for Food Trucks etc . There is endless options for this Historical School and there is sentimental value as well . Options :Veterans Housing, Senior Assisted Center , a School, Educator Lofts , Co-workspace etc etc.

Location

  • Zip Code
    31217
  • City
    Macon
  • County
    Bibb - GA
  • Property Data

  • Status
    Pending
  • MLS #
    7369535
  • Type
    Commercial
  • Exterior

  • Construction
    Block, Concrete
  • Built In
    1949
  • Stories
    Array
  • Parking
    Parking Lot
  • Utilities
    Electricity Available
  • Lot Description
    Business Park, Free Standing, Level, Private
  • Acres
    4.13
  • Listing Provided Courtesy Of: Maximum One Realty Greater ATL. 770-919-8825

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    Data Last updated on November 12, 2024 7:30pm

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