363 Pierce AveMacon, GA 31204

Property Details for 363 Pierce Ave

Year built

1979

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

4,842 SF

Zone code

HR-3

Property type

Office properties

Property subtype

Other office properties

APN

O072-0042

APU

O0720042

Description

This exceptional two-story office building, totaling 4,310 square feet, presents a compelling investment opportunity in Macon, Georgia. Located at 363 Pierce Avenue, this traditional office space sits on a 0.34-acre lot in a high-traffic area near the intersection of Pierce Avenue and Vineville Avenue. The property boasts convenient access to Interstates 16 and 75, as well as downtown Macon, ensuring excellent visibility and accessibility. According to 2021 GDOT data, Pierce Avenue sees approximately 9,570 vehicles per day, while Vineville Avenue experiences approximately 18,000 vehicles per day, indicating significant potential for business exposure. The building features ample on-site parking, supplemented by readily available street parking. Recent renovations include fresh paint, new carpeting, and updated lighting, enhancing the property's appeal and functionality. The property is zoned HR-3, offering flexibility for various commercial uses. The asking price is $495,000, translating to $114.85 per square foot. This represents a strong value proposition in a desirable Macon location. This turnkey property is ready for immediate occupancy and presents a rare opportunity for investors seeking a well-located, renovated office building in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $615,873

  6.5%

  $568,498

  7%

  $527,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $944,480

  Geo Method

  $944,480

• Alternative Use

  Use

  Valuation

  Residential

  $704,938

  Hospitality

  $645,720

  Educational

  $537,231

  Medical

  $555,707

  Retail

  $835,693

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8525

Longitude

-83.6621

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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