Property profile

1945 Waterville Rd Macon, GA 31206

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US22-2235860
92,811 SF 2.39 ac lot Built 1917
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 93,483-square-foot cold storage and distribution warehouse, situated on a 2.39-acre lot in Macon, Georgia, presents a unique owner-user opportunity. Located at 1945 Waterville Rd, zip code 31206, this four-story building, constructed in 1960 and zoned M-1, offers immediate occupancy as of August 13, 2023. The property features 3 loading docks and boasts a net rentable area of 92,811 square feet. While the building is currently vacant, it offers significant potential for a variety of uses within the industrial sector. The property includes 18 surface parking spaces and an elevator for efficient material handling. Note that the property requires a new roof. This is a rare opportunity to acquire a substantial cold storage facility in a prime Macon location. Further details will be provided upon request. The property is available for immediate possession. The building's substantial size and strategic location make it an ideal investment for businesses seeking a large-scale cold storage solution. This is an owner-user opportunity, allowing for complete control and customization of the space.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1917
Construction CONCRETE BLOCKS
Total area 92,811 SF
Lot 2.39 ac (104,108 SF)
Zoning code M-1
APN Q084-0177
UPID US22-2235860

Cap rate & NOI

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

Location

1945 Waterville Rd Macon, GA 31206-1147
Macon metro Census 13900 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2025
Last sale
$307,500
4 recorded transactions
2025
$307,500
2025
$400,000
2021
$20,000
2021
$140,652

Zoning & alternative use

M-1 · Macon, GA
Zoning description

al District Chapter 13A - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 -…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1945 Waterville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message