722 Martin Luther King Jr BlvdMacon, GA 31201

Property Details for 722 Martin Luther King Jr Blvd

Year built

1954

Lot size

0.23 AC

Property size (Sq ft)

5,023 SF

Zone code

CBD-2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

R081-0073

APU

R0810073

Description

This 3,131 square foot retail property at 722 Martin Luther King Jr Boulevard in Macon, Georgia, presents a unique investment opportunity. Built in 1954 and renovated in 1970, the building currently features a former convenience store space, an attached approximately 1,700 square foot open-air garage, and a second-level office space. The property sits on a 0.23-acre lot and is zoned CBD-2, offering flexibility for various uses. Possible uses include a convenience store, wholesale distribution center, or showroom/storage. Its prime location in downtown Macon offers excellent visibility and accessibility, situated approximately one mile from Interstate 16 and 1.2 miles from Interstate 75. The area boasts strong surrounding businesses, including Atrium Health Navicent, Wilson Bryant Heating & Air, Broadway Lofts, and several government agencies. Signage opportunities are available. The asking price is $450,000 ($143.72/sq ft). The property is also available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $939,176

  6.5%

  $866,932

  7%

  $805,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,469,062

  Geo Method

  $2,469,062

• Alternative Use

  Use

  Valuation

  Residential

  $731,290

  Hospitality

  $669,857

  Educational

  $557,313

  Medical

  $576,480

  Retail

  $866,932

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8304

Longitude

-83.6293

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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