Mercer University Drive
For Sale
Contact for pricing
3260 Mercer University Dr, Macon, GA 31204
Retail and warehouse space with high visibility and expansion potential.
Property Size25,300 SF
Lot Size4.00 Acres
Price / SF$98.81
Days on Market817
Property Features for 3260 Mercer University Dr
General Information
Standard status
Active
Size
25,300 SF
Class
C
Total Parking Spaces
65
Lot size
4.00 Acres
Property subtype
Retail
Zoning
C-2, General Commercial District
Lease Type
NNN
Site & Location
Neighborhood
Unionville
Building Details
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
Trace Butler LLC
Listed By:
Trace Butler · License #255626
Source:
Crexi
Added: Aug 10, 2024
Changed: Nov 3
Last Checked: Nov 3 at 5:27AM
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 Trace Butler LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property, formerly a Salvation Army building, offers significant visibility with 325 feet of frontage on Mercer University Drive. It includes 14,370 square feet of retail/showroom space and 10,930 square feet of warehouse space. The building features tall ceilings, an office area, a break/dining room, and three bathrooms. There are 65 lined parking spaces in front of the building. Situated on a four-acre lot, the property provides room for expansion. Fiber internet is active throughout the building. The warehouse has a 22-foot wall height with clear ceilings measuring between 18 feet and 19 feet 2 inches. It is equipped with two leveling docks and two docks with bumpers. There are four 10-foot by 12-foot overhead doors, two of which are motorized and two are hand-cranked. The electrical system is 3 phase/4 wire with a 600 amp panel. Ample truck maneuvering room is available, with ingress/egress via side streets on either side of the building.
Key Highlights
- High‑visibility location with 325 ft frontage on Mercer University Drive
- Large building with 14,370 sq.ft. retail/showroom and 10,930 sq.ft. warehouse space
- Warehouse features 22’ wall height, 18‑19’2” clear ceilings, leveling docks and docks with bumpers, and four (10’x12’) overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,150
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,743,000
$3.7M
Cap Rate 7%
$2,673,571
$2.7M
Cap Rate 9%
$2,079,444
$2.1M
Market Conditions
NOI Build-Up for 25,300 SF
Gross rent
$239.8K $9.48/SF
− Vacancy
−$19.7K −$0.78/SF
EGI
$220.2K $8.70/SF
− OpEx
−$33.0K −$1.31/SF
NOI
$187.2K $7.40/SF
Area
Macon, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,743,000
Cap Rate 7%
$2,673,571
Cap Rate 9%
$2,079,444
Alternative Uses
Best Use
Retail
$3.44M
$3.01M – $4.01M
NOI $240,743 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,150 @ 7.0% cap · market cap 7.49%
Theoretical Best
Healthcare Medical
$4.84M
$4.24M – $5.65M
NOI $338,818 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 31204, GA
30,512
Population
15,578
Households
2
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
14.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$38,478
Median Household Income
$32,586
Median Earnings
$917
Median Rent
$123,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail and warehouse space with high visibility and expansion potential.
Where is this retail space located?
The property is located at 3260 Mercer University Dr Macon, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High‑visibility location with 325 ft frontage on Mercer University Drive; Large building with **14,370 sq.ft. retail/showroom** and 10,930 sq.ft. warehouse space; Warehouse features **22’ wall height**, 18‑19’2” clear ceilings, leveling docks and docks with bumpers, and four (10’x12’) overhead doors
