3555 Mercer University DrMacon, GA 31204

  • Retail properties
  • 114,773 SF
For Lease
$12/SF/YR View listing

Property Details for 3555 Mercer University Dr

Year built
1986
Lot size
23.01 AC
Property size (Sq ft)
114,773 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
N083-0132
APU
N0830132

Description

Mercer Crossing Shopping Center in Macon, Georgia, offers a prime retail space opportunity. Located at 3555 Mercer University Dr, Macon, GA 31204, this Bibb County property boasts a newly renovated space, ready for immediate occupancy. Units range in size from 1,200 to 2,800 square feet, providing flexibility for various business needs. The center benefits from significant foot traffic, driven by its strategic location adjacent to established anchor tenants including Ollie's, Citi Trends, Rack Room Shoes, and Cato. Its proximity to the Macon Mall, currently undergoing major renovations including a new theater, further enhances its visibility and potential for customer draw. This revitalized shopping center presents a unique chance to establish or expand a retail business in a high-traffic area, benefiting from the ongoing revitalization efforts in the surrounding community. The property is under new ownership and has undergone a complete facelift, promising a modern and attractive retail environment. Move-in ready condition.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,459,702
    6.5%
    $19,808,956
    7%
    $18,394,030
  • Comparable approach

    Method
    Valuation
    Relative Method
    $56,416,804
    Geo Method
    $56,416,804
  • Alternative Use

    Use
    Valuation
    Residential
    $16,709,596
    Hospitality
    $15,305,900
    Educational
    $12,734,329
    Medical
    $13,172,282
    Retail
    $19,808,956
3555 Mercer University Dr, Macon, Georgia

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.8228
Longitude
-83.6936
CBSA code
31420
CBSA name
MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,141
$608,872
$1,556,071
$2,164,943
-
$1,522,179
$3,890,178
$5,412,357

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