3968 Mercer University Dr Macon, GA 31204
161-unit self-storage facility for sale in Macon, Georgia.
Property size:
26,200 SFLot size:
70,567.00 AcresProperty Features for 3968 Mercer University Dr
General Information
- Standard status
- Active
- Zoning
- C2
- Size
- 26,200 SF
- Lot size
- 70,567.00 Acres
Building Details
- Year built
- 2005
Source:
Crexi
Listing Agency: KW Commercial Listing Agent: Jason Koenig
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Macon Self-Storage Value-Add Opportunity
Located along a high-visibility commercial corridor in Macon, Georgia, the property at 3968 Mercer University Drive is a 161-unit self-storage facility, presenting a value-add opportunity to reposition the asset. Constructed in 2004, the property consists of 26,200 square feet across two buildings on 1.62 acres. The property is zoned C2 Commercial and located off a high-traffic four-lane road. The facility demonstrated leasing momentum with 31 move-ins in Q1 2023 and 43 move-ins in Q2 2023. At stabilization, the gross potential rent was $16,236 during the Q2 reporting period. The primary physical deficiency involves damaged unit doors requiring replacement. The core infrastructure, including buildings, paving, layout, and utilities, remains intact. The property is located within the 31204 trade area with a population of 29,107 and a median household income of $43,032. Nearby I-75 traffic counts exceed 96,000 vehicles per day. The property had good curb appeal and visibility at the time of inspection, with no known environmental concerns and located outside the 100- and 500-year floodplains. The market vacancy in the area is 7%.
Location Intelligence
Current Use by Public Records
Mercer Storage
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.7040733
- Latitude
- 32.8234313
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - 161-unit self-storage facility for sale in Macon, Georgia.
Where is this self storage facility located?
The property is located at 3968 Mercer University Dr Macon, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - Value-add opportunity to reposition a formerly thriving 161-unit self-storage facility.; - Demonstrated rental velocity and strong historic occupancy (83.4%+) prior to operational challenges.; - Located in a submarket with strong self-storage consumer base demographics.
