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    765 Gray Hwy Macon, GA 31211

    Sponsored
    For Sale
    $600,000

    Five buildings, strong rental income.

    Property size:
    836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Macon, Georgia investment opportunity encompasses six parcels totaling 1.41 acres, strategically located at the intersection of Gray Highway and 2nd Street. The property features five buildings constructed between 1954 and 1986, offering a combined 836 to 22,612 square feet of space. The property's mixed-use nature includes retail space on Gray Highway parcels (zoned C-4), and light industrial space on Woolfolk Street and Clinton Road parcels (zoned C-2). Woolfolk Street is a county-owned easement. The Gray Highway parcels include addresses 755, 757, and 765 Gray Highway. The Woolfolk Street parcels are located at 223 and 249 Woolfolk Street, and the Clinton Road parcels are at 682 and 696 Clinton Road. This multi-tenant property benefits from its high-traffic location near established businesses such as Kroger, McDonald's, Krispy Kreme, Nu-Way Weiners, Budget Truck Rental, Bojangles, and Attaway Tire. The asking price for this income-producing asset is $600,000. APN numbers are R071-0066, R071-0088, R071-0089, R071-0090, and R071-0091. This presents a compelling opportunity for investors seeking a diversified portfolio with strong rental income potential.

    Property Features for 765 Gray Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    836 SF
    Lot Size
    6,098 SF

    Building Details

    Buildings
    5

    HighLights

    • Strong rental income potential.
    • Offers a blend of commercial and residential uses.
    • Property benefits from county‑maintained Woolfolk Street easement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.62259456987
    Latitude
    32.850161555897

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    FAQs

    What type of property is this?
    Individual retail property - Five buildings, strong rental income.
    Where is this individual retail property located?
    The property is located at 765 Gray Hwy 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: Strong rental income potential.; Offers a blend of commercial and residential uses.; Property benefits from county-maintained Woolfolk Street easement.
    (478) 746-9421
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    765 Gray Hwy Macon, GA 31211
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    Macon, GA 31211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    765 Gray Hwy Macon, GA 31211
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