636 Shurling DrMacon, GA 31211

Property Details for 636 Shurling Dr

Year built

1972

Construction

FRAME

Lot size

18.41 AC

Property size (Sq ft)

110,384 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

S063-0454

APU

S0630454

Description

Northeast Plaza, a thriving 149,290 square foot grocery-anchored retail center in Bibb County, presents a compelling investment opportunity. This multi-tenant property boasts 27 suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 12,040 square feet. The center enjoys an excellent location and benefits from strong national tenants including Roses, Advance Auto Parts, Popeyes, and KFC, along with five beauty supply stores. This diverse tenant mix ensures consistent foot traffic and revenue generation. Currently, there are nine available spaces, providing flexibility for various retail businesses. A significant opportunity exists with a vacant Long John Silver's space (size not specified), ready for immediate occupancy. The property is zoned commercial and offers a range of space options to suit diverse business needs. This well-established center provides a stable investment with potential for significant growth. The property's strategic location and established tenant base make it an attractive proposition for investors seeking a strong return on investment in a vibrant retail market. The available spaces range in size from a minimum of 2,000 square feet up to a maximum of 12,040 contiguous square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $20,639,068

  6.5%

  $19,051,448

  7%

  $17,690,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,259,388

  Geo Method

  $54,259,388

• Alternative Use

  Use

  Valuation

  Residential

  $16,070,609

  Hospitality

  $14,720,591

  Educational

  $12,247,359

  Medical

  $12,668,565

  Retail

  $19,051,448

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.8609

Longitude

-83.6115

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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