4795 Riverside DrMacon, GA 31210

Property Details for 4795 Riverside Dr

Year built

2008

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

6,996 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

L003-0250

APU

L0030250

Description

This exceptional 6,800 square foot shopping center in Macon, Georgia, presents a compelling investment opportunity. Located at 4795 Riverside Dr, 31210, this multi-tenant property boasts a prime location at a signalized intersection with The Shoppes at River Crossing, a major 750,000 square foot retail center, home to over 70 popular national retailers. The property benefits from exceptional visibility and accessibility, with convenient access to Interstate 75 and several state highways, ensuring a large and diverse customer base. Currently 100% occupied with strong tenants including AT&T (a tenant since 2008), Sleep Number, and Lamar, the property offers a NNN lease structure with a remaining lease term of 5 years. The asking price is $5,635,000, representing a compelling $828.68 per square foot and a 5.85% cap rate. The property features ample parking (5.3/1,000 sf ratio) and benefits from Macon's high discretionary income and strong workforce concentrated in healthcare, education, retail, and manufacturing sectors. This location outperforms 80% of similar AT&T locations nationwide, highlighting its exceptional performance and potential for continued growth. The property's strategic location and strong tenant mix make it an ideal investment for discerning buyers seeking a stable, high-performing retail asset in a thriving market. This is a rare opportunity to acquire a well-established, high-performing shopping center with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,078

  6.5%

  $1,207,457

  7%

  $1,121,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,438,892

  Geo Method

  $3,438,892

• Alternative Use

  Use

  Valuation

  Residential

  $1,018,535

  Hospitality

  $932,973

  Educational

  $776,222

  Medical

  $802,918

  Retail

  $1,207,457

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.9238

Longitude

-83.7105

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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