Mercer University Drive Investment
4849 Mercer University Dr, Macon, GA 31210
Call to check price and availability
Stabilized investment with leaseback in high-traffic Macon corridor.
Type:Office, Retail
Property size:
3,136 SFLot size:
0.33 AcresPrice / SF:
$191/SF- Added:
- Feb 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 4849 Mercer University Dr
General Information
- Standard status
- Active
- Size
- 3,136 SF
- Lot size
- 0.33 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1950
Listing agent Angie Ponsell License #238030
Listing office KW Commercial First Atlanta (404) 226-2002
Listing date Feb 19, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial First Atlanta
HighLights
- Sale with leaseback: Current owner will lease the property for five years at $5,700 per month plus utilities, providing immediate and stable income.
- High‑traffic location: Situated on Mercer University Drive with approximately 21,700 vehicles per day and excellent visibility.
- Fully built‑out salon suites: Currently operating as salon suites with an established tenant base, ensuring built‑in occupancy.
- Strong commercial corridor: Positioned in a well‑established commercial node in North Macon with strong surrounding retail, service, and office uses.
- Limited landlord expenses: Utilities are passed through to the tenant.
- Ample on‑site parking: Provides convenient access for customers and tenants.
Overview
The property at 4849 Mercer University Drive offers a stabilized investment opportunity in a high-traffic commercial area of Macon. The property includes approximately 3,150 square feet of space on a 0.33-acre lot. It benefits from frontage on Mercer University Drive, with approximately 21,700 vehicles passing daily, and offers good visibility. The building is currently configured as fully built-out salon suites, providing immediate income with an established tenant base. The sale includes a leaseback agreement, where the current owner will execute a five-year lease at $5,700 per month, plus utilities. This arrangement provides stable income and reduces transition risk for the new owner. Landlord expenses are limited, and utilities are passed through, offering a straightforward income stream in a high-exposure location. The property is located in a commercial area in North Macon, with surrounding retail, service, and office uses. It also features convenient access to major thoroughfares and on-site parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.2k | $19.20 |
| − Vacancy | −$19.3k | −$6.14 |
| EGI | $40.9k | $13.06 |
| − OpEx | −$10.2k | −$3.26 |
| NOI | $30.7k | $9.79 |
3,136 SF · lease $19.20/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$426.3K
$373.0K – $497.4K
NOI $29,841 @ 7.0% cap · market cap 4.97%
Theoretical Best
Healthcare Medical
$600.0K
$525.0K – $700.0K
NOI $41,997 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
WeStyle Salon Suites
Hair Salon
The Hair Cottage
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.7218491
- Latitude
- 32.8286943
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Stabilized investment with leaseback in high-traffic Macon corridor.
Where is this retail space located?
The property is located at 4849 Mercer University Dr Macon, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Sale with leaseback: Current owner will lease the property for five years at $5,700 per month plus utilities, providing immediate and stable income.; High‑traffic location: Situated on Mercer University Drive with approximately 21,700 vehicles per day and excellent visibility.; Fully built‑out salon suites: Currently operating as salon suites with an established tenant base, ensuring built‑in occupancy.
