727 Gray HwyMacon, GA 31211

Property Details for 727 Gray Hwy

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

1,731 SF

Zone code

C-4

Property type

Retail properties

Property subtype

Retail space

APN

R071-0071

APU

R0710071

Description

This exceptional 0.86-acre commercial land parcel, located at 727 Gray Highway in Macon, Georgia (zip code 31211), presents a remarkable investment opportunity. Zoned C-4, this property boasts 260 feet of frontage on Gray Highway, a high-traffic area with 76,917 vehicles passing daily. Three curb cuts provide convenient access to the traffic signal, enhancing visibility and accessibility. The site's ideal location is suited for a variety of uses, including automotive, retail, restaurant, and office developments. Its prime position across from the Kroger Shopping Center ensures high visibility and foot traffic. The property enjoys excellent proximity to downtown Macon (less than 2 miles) and the city of Gray (approximately 13 miles), with convenient access to Interstate 16. Surrounding businesses include QuikTrip (upcoming), Kroger, El Sombrero, McDonald's, NuWay, Bibb County Health Department, Piedmont Macon, and the Macon Coliseum, among numerous other restaurants, retailers, and professional/medical offices. This property offers unparalleled visibility and high traffic counts, making it an exceptional investment opportunity in a thriving commercial area. Bibb County is the location.

• CAP approach

  CAP return

  Valuation

  6%

  $323,654

  6.5%

  $298,758

  7%

  $277,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $850,875

  Geo Method

  $850,875

• Alternative Use

  Use

  Valuation

  Residential

  $252,013

  Hospitality

  $230,843

  Educational

  $192,058

  Medical

  $198,664

  Retail

  $298,758

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8495

Longitude

-83.6231

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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