Downtown Macon Commercial
For Sale
Contact for pricing
722 Martin Luther King Jr Blvd, Macon, GA 31201
Former convenience store with office space in downtown Macon.
Property Size3,131 SF
Price / SF$119.77
Days on Market959
Property Features for 722 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
3,131 SF
Property subtype
Retail
Zoning
CBD-2
Building Details
Year Built
1954
Year Renovated
1970
Listing Agency:
Fickling & Company
Listed By:
Larry Crumbley · License #GA 10498
(478) 746-9421
Source:
Crexi
Added: Feb 29, 2024
Changed: Oct 3
Last Checked: Oct 14 at 9:26PM
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 Fickling & Company
Investment Insights
Based on property information with market context.
This commercial property, formerly a 3,131-square-foot convenience store, is located on Martin Luther King Jr Boulevard in Downtown Macon. The property includes an attached open-air garage of approximately 1,700 square feet. The second level has been converted into office space. Situated approximately 1 mile from Interstate 16 and 1.2 miles from Interstate 75, the location offers convenient access. Potential uses for the property include a convenience store, wholesale distribution center, or showroom and storage facility. Surrounding neighbors include Atrium Health Navicent, Wilson Bryant Heating & Air, Broadway Lofts, Henderson Chemical, Macon/Bibb Co Water Authority, Unique II, and the Department of Family & Children's Services.
Key Highlights
- High‑traffic location on Martin Luther King Jr Boulevard in Downtown Macon.
- Close proximity to Interstates 16 and 75 (1± miles and 1.2± miles, respectively).
- Versatile property suitable for various uses: convenience store, wholesale distribution, or showroom/storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,793
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,860
$595.9K
Cap Rate 7%
$425,614
$425.6K
Cap Rate 9%
$331,033
$331.0K
Market Conditions
NOI Build-Up for 3,131 SF
Gross rent
$45.1K $14.40/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$42.6K $13.59/SF
− OpEx
−$12.8K −$4.08/SF
NOI
$29.8K $9.52/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,860
Cap Rate 7%
$425,614
Cap Rate 9%
$331,033
Alternative Uses
Best Use
Specialty Retail
$494.0K
$432.3K – $576.4K
NOI $34,581 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 7.94%
Theoretical Best
Healthcare Medical
$599.0K
$524.1K – $698.8K
NOI $41,930 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,015
Businesses Nearby
36k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 10%
Home Improvements & Furnishings 7%
Dunkin' Donuts
Dining
10,491 visits/mo
0.5 miles
SUBWAY
Dining
6,666 visits/mo
0.5 miles
Smoothie King
Dining
5,782 visits/mo
0.4 miles
Roly Poly
Dining
3,210 visits/mo
0.4 miles
Barberitos
Dining
2,750 visits/mo
0.4 miles
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Former convenience store with office space in downtown Macon.
Where is this grocery and convenience store located?
The property is located at 722 Martin Luther King Jr Blvd Macon, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑traffic location on Martin Luther King Jr Boulevard in Downtown Macon.; Close proximity to Interstates 16 and 75 (1± miles and 1.2± miles, respectively).; Versatile property suitable for various uses: convenience store, wholesale distribution, or showroom/storage.
