59 Magnolia StJeffersonville, GA 31044

Property Details for 59 Magnolia St

Year built

1976

Construction

STEEL FRAME

Lot size

2.29 AC

Property size (Sq ft)

12,541 SF

Zone code

2

Property type

Grocery and convenience stores

APN

JV05A 058

APU

JV05A058

Description

This exceptional investment opportunity presents a vacant, single-tenant grocery store in Jeffersonville, Georgia. The 12,500-square-foot building, constructed in 1976 and renovated in 2010, sits on a 2.29-acre lot zoned for commercial use. Currently vacant, this Class B property boasts a strong historical performance, generating over $2,000,000 in annual sales with high profit margins. The asking price is $1,200,000, representing a compelling $96 per square foot and a 16% capitalization rate based on a Net Operating Income (NOI) of $150,000. The store operates on a short-hours schedule (Monday-Saturday 7 am to 9 pm, Sunday 8 am to 8 pm) and historically employed 5-7 staff. The business includes real estate, existing business operations, and goodwill. Located just 30 miles east of Macon and 1.5 hours south of Atlanta, this property offers significant potential for growth. The seller is firm on the asking price and will not offer owner financing. Inventory valued at approximately $300,000 is sold separately at cost. A buyer should plan for approximately $300,000 for inventory and a 20% down payment, along with a credit score above 650. The seller pays less than $5,000 annually in royalties and advertising to Piggly-Wiggly. Training is available for the new owner.

Location Insight

City

Jeffersonville

County

Twiggs

State

Georgia

Latitude

32.6886

Longitude

-83.3465

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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