2255 Gray HwyMacon, GA 31211

Property Details for 2255 Gray Hwy

Year built

1968

Lot size

4.92 AC

Property size (Sq ft)

6,886 SF

Zone code

C-2

Property type

Office properties

APN

S053-0015

APU

S0530015

Description

This Macon, Georgia industrial property offers 20,276 square feet of versatile space, ideal for various uses. The property comprises three buildings: a 6,886 sq ft office warehouse, a 3,000 sq ft cooler, a 5,120 sq ft rear service building, and a 5,270 sq ft freezer. Ceiling heights vary from 9 feet in the office area to 13 feet in the warehouse, freezer, and loading docks, with 10-foot ceilings in the cooler. The 4.92-acre lot is mostly paved and fenced, providing controlled access and ample space for outdoor storage, potentially accommodating semi-truck trailers. The property boasts municipal water and sewer connections. Located on Gray Highway, a major thoroughfare connecting Macon, Gray, and Milledgeville, it enjoys convenient access to Interstates 16 and 75, providing easy connectivity to Savannah and Atlanta. The property is zoned C-2 and features a triple-net (NNN) lease structure. The asking price is $950,000, with a price per square foot of $46.85. The property's APN is S053-0015.

• CAP approach

  CAP return

  Valuation

  6%

  $875,858

  6.5%

  $808,484

  7%

  $750,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,343,183

  Geo Method

  $1,343,183

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,520

  Hospitality

  $918,303

  Educational

  $764,018

  Medical

  $790,293

  Retail

  $1,188,472

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8794

Longitude

-83.606

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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