4989 Mercer University DrMacon, GA 31210

Property Details for 4989 Mercer University Dr

Year built

1989

Lot size

0.94 AC

Property size (Sq ft)

13,750 SF

Zone code

PDE

Property type

Retail properties

Property subtype

Outlet malls

APN

L081-0102

APU

L0810102

Description

This exceptional 13,750 square foot storefront, situated on a 0.94-acre lot in Macon, Georgia, presents a compelling owner-user investment opportunity. Priced at $1,250,000 ($90.91 per square foot), this Class C retail property boasts a highly desirable location less than a mile from Interstate 475, ensuring excellent accessibility and visibility. Its strategic placement across from Capitol Cycle & Harley Davidson guarantees significant foot traffic and brand exposure. The functional layout includes three offices, two bathrooms, one interior roll-up door, and five exterior roll-up doors, catering to diverse operational needs. The property is zoned PDE and offers ample space for various retail or warehouse uses. This prime location at 4989 Mercer University Drive, Macon, GA 31210, near the signalized intersection of Mercer University Drive and Log Cabin Drive, promises substantial returns for a discerning investor seeking a high-traffic, easily accessible commercial property in a thriving area. The property's size and features make it ideal for business relocation or expansion. This is a rare opportunity to acquire a well-positioned, versatile commercial space in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,570,909

  6.5%

  $2,373,146

  7%

  $2,203,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,758,829

  Geo Method

  $6,758,829

• Alternative Use

  Use

  Valuation

  Residential

  $2,001,838

  Hospitality

  $1,833,673

  Educational

  $1,525,594

  Medical

  $1,578,062

  Retail

  $2,373,146

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8314

Longitude

-83.7254

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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