Convenience Store with Retail
For Sale
$229,000
3219 Houston Avenue, Macon, GA 31206
COMMERCIAL - Macon, GA
Property Size1,620 SF
Lot Size0.20 Acres
Price / SF$141.36
Days on Market30
Property Features for 3219 Houston Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
12
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Eisenhower Parkway to Houston Avenue
Standard status
Active
APN
P0920313
Size
1,620 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
803
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Flooring type
Tile
Building materials
Block
Roof type
Metal
Listing Agency:
Keller Williams Middle Georgia · Keller Williams Realty
(478) 333-5050
Listed By:
Jerrod Otting · License #65847
(727) 631-1938
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 10805778
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale convenience store offering includes the underlying building and land. The property is described as a fully established, profitable operation with income generated through core retail categories including food, beverage, and tobacco sales, along with value-added services provided on-site through an active U-Haul dealership. Additional income is identified as coming from Georgia Lottery Coin Operated Amusement Machines (COAM), an on-site ATM, and a Bitcoin Depot kiosk.
Public remarks state the store is located in a high-traffic area in Macon, Georgia, at 3219 Houston Avenue (Bibb County). The listing notes a turnkey setup and opportunity for a new operator, with potential to increase cash flow through expanding hot or prepared food offerings and activating EBT acceptance, as well as adding traditional Georgia Lottery ticket sales.
For buyers seeking a commercial real estate component alongside the operating business, this property is offered with both the store and land included, and inquiries are encouraged for financial details and to schedule a private walkthrough.
Public remarks state the store is located in a high-traffic area in Macon, Georgia, at 3219 Houston Avenue (Bibb County). The listing notes a turnkey setup and opportunity for a new operator, with potential to increase cash flow through expanding hot or prepared food offerings and activating EBT acceptance, as well as adding traditional Georgia Lottery ticket sales.
For buyers seeking a commercial real estate component alongside the operating business, this property is offered with both the store and land included, and inquiries are encouraged for financial details and to schedule a private walkthrough.
Key Highlights
- Block construction convenience store building with metal roof
- Central heating and central air conditioning
- Tile flooring and parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,860
$357.9K
Cap Rate 7%
$255,614
$255.6K
Cap Rate 9%
$198,811
$198.8K
Market Conditions
NOI Build-Up for 1,620 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.3K $15.60/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$23.9K $14.73/SF
− OpEx
−$6.0K −$3.68/SF
NOI
$17.9K $11.04/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,860
Cap Rate 7%
$255,614
Cap Rate 9%
$198,811
Alternative Uses
Best Use
Specialty Retail
$255.6K
$223.7K – $298.2K
NOI $17,893 @ 7.0% cap · market cap 7.81%
Second Best
Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 6.73%
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 46%
Flash Foods
Groceries
10,108 visits/mo
0.5 miles
Circle K
Shops & Services
8,704 visits/mo
0.5 miles
Chevron
Shops & Services
2,981 visits/mo
0.2 miles
Demographics for 31206, GA
26,519
Population
11,415
Households
2.3
Avg Household Size
33
Median Age
7%
College-Educated
79%
High-School Grad
26.6 sq mi
ZIP Area
997
Density / Sq Mi
$35,006
Median Household Income
$30,537
Median Earnings
$898
Median Rent
$84,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Family Supermarket — 2965 Houston Ave, Macon, GA 31206
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey convenience store property includes building and land with retail sales, U-Haul dealership, and COAM lottery and ATM services.
Where is this grocery and convenience store located?
The property is located at 3219 Houston Avenue Macon, GA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Block construction convenience store building with metal roof; Central heating and central air conditioning; Tile flooring and parking lot on site
