Property profile

1372 Gray Hwy Macon, GA 31211

OFF-MARKET
Strip malls
Property ID
US22-2282086
12,661 SF 3.41 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Market Square II, a Macon, Georgia retail property, offers a prime 1,200 square foot space for lease. This single-story, multi-tenant shopping center totals 22,474 square feet and is comprised of two buildings, each with eleven suites. The available space represents the minimum divisible unit, with a maximum contiguous space also at 1,200 square feet. Built in 1988, the property is zoned C2 and enjoys a highly visible location at 1372 Gray Hwy, Macon, GA 31211. Its strategic placement offers excellent exposure, situated next to a busy Dollar General Marketplace and directly across from a Walmart Supercenter, ensuring high foot traffic and strong visibility for potential tenants. This presents a unique opportunity for businesses seeking a well-established location within a thriving retail environment. The property's convenient access and proximity to major retailers make it an ideal location for a variety of retail uses. The available space is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 12,661 SF
Lot 3.41 ac (148,540 SF)
Zoning code C-2
APN R062-0246
UPID US22-2282086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation

Location

1372 Gray Hwy Macon, GA 31211-1952
Macon metro Census 11001 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.29M
CAP Approach CAP
$2.15M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$2.31M

Owner & transaction history

since 2022
Last sale
$2.6M
7 recorded transactions
2022
$2.6M
2020
Price N/A
2019
$1.7M
2019
Price N/A
2018
Price N/A
2012
Price N/A
2012
$2.5M

Zoning & alternative use

C-2 · Macon, GA
Zoning description

hapter 8 - R-1AAA and R-1AAAA Single Family Chapter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 -…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.0M +91.9%
Medical building $1.6M +53.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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