4425 Pio Nono AveMacon, GA 31206

Property Details for 4425 Pio Nono Ave

Year built

1955

Lot size

1.29 AC

Property size (Sq ft)

10,842 SF

Zone code

M-1

Property type

Retail properties

Property subtype

Outlet malls

APN

O104-0013

APU

O1040013

Description

This exceptional Macon, Georgia investment opportunity comprises two industrial buildings totaling 22,800 square feet of rentable space, situated on approximately 1.29 to 2.99 acres of land. The property, located at 4415-4425 Pio Nono Avenue, boasts a desirable M-1 zoning, allowing for versatile usage. One building features 1,600 square feet of heated retail/office space seamlessly integrated with a 9,200 square foot heated warehouse. A significant 12,000 square foot lean-to provides ample covered outdoor workspace. The property benefits from a high traffic count of 28,700 vehicles daily on Pio Nono Avenue, and is conveniently located half a mile from Interstate 75, ensuring excellent accessibility. Built in 1955 and 1983, the buildings are equipped with water, sewer, power, phone, and gas utilities. The asking price is $1,200,000, representing a compelling 8.00% cap rate and a price per square foot of $65.79. This is a rare chance to acquire a substantial, adaptable industrial property in a prime Macon location. The property is offered as a single tenancy, gross lease. The total square footage is between 10,800 and 12,000 square feet, with a net rentable area of 22,800 square feet. Potential for truck parking is available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,185

  6.5%

  $1,871,248

  7%

  $1,737,587

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,329,398

  Geo Method

  $5,329,398

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,467

  Hospitality

  $1,445,868

  Educational

  $1,202,945

  Medical

  $1,244,316

  Retail

  $1,871,248

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.7813

Longitude

-83.666

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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