3555 Mercer University DrMacon, GA 31204
- Retail properties
- 114,773 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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