140 Dykes StCochran, GA 31014

Property Details for 140 Dykes St

Year built

1992

Construction

TYPE NOT SPECIFIED

Lot size

13.32 AC

Property size (Sq ft)

30,075 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

A14 008

APU

A14008

Description

Middle Georgia Plaza, located at 140 W Dykes St in Cochran, GA 31014, presents a compelling investment opportunity. This single-story, 40,880 square foot retail center sits on an expansive 11.26-acre lot and boasts a Class B rating. Built in 1992, the property features 18-foot ceilings and offers multiple suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 29,000 square feet. Currently, 10,380 square feet are vacant, presenting a significant opportunity for expansion or new tenants. The property enjoys high visibility from Dykes Street, with daily traffic counts of 6,993 vehicles, and benefits from ample surface parking (198 spaces), monument signage, and multiple points of ingress/egress. The center is anchored by a grocery store and includes other established tenants such as Pizza Hut, Cricket Wireless, and a gym. Its strategic location in Cochran, 40 miles from Macon, GA, places it near Middle Georgia State University and numerous national retailers including Walmart, O'Reilly Auto Parts, Dollar General, and more. The property's zoning is commercial (APN: A14008), and it is served by Georgia Power. The expansive trade area within a 10-mile radius encompasses approximately 20,117 people with an average household income of $59,708. This property offers a unique blend of established tenancy and significant expansion potential in a thriving community. The property has five total suites. There are no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $5,623,278

  6.5%

  $5,190,718

  7%

  $4,819,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,783,402

  Geo Method

  $14,783,402

• Alternative Use

  Use

  Valuation

  Residential

  $4,378,566

  Hospitality

  $4,010,742

  Educational

  $3,336,890

  Medical

  $3,451,651

  Retail

  $5,190,718

Location Insight

City

Cochran

County

Bleckley

State

Georgia

Latitude

32.3843

Longitude

-83.3593

Property Tax & Assessments

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