Property profile

3555 Mercer University Dr Macon, GA 31204

OFF-MARKET
Turn key restaurants
Property ID
US22-2509534
114,773 SF 23.01 ac lot Built 1986
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Mercer Crossing Shopping Center in Macon, Georgia, offers a prime retail space opportunity. Located at 3555 Mercer University Dr, Macon, GA 31204, this Bibb County property boasts a newly renovated space, ready for immediate occupancy. Units range in size from 1,200 to 2,800 square feet, providing flexibility for various business needs. The center benefits from significant foot traffic, driven by its strategic location adjacent to established anchor tenants including Ollie's, Citi Trends, Rack Room Shoes, and Cato. Its proximity to the Macon Mall, currently undergoing major renovations including a new theater, further enhances its visibility and potential for customer draw. This revitalized shopping center presents a unique chance to establish or expand a retail business in a high-traffic area, benefiting from the ongoing revitalization efforts in the surrounding community. The property is under new ownership and has undergone a complete facelift, promising a modern and attractive retail environment. Move-in ready condition.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 114,773 SF
Lot 23.01 ac (1,002,316 SF)
Zoning code C-2
APN N083-0132
UPID US22-2509534

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Clothing Store Children'S Clothing Store
  • Gym & Fitness Center Sports School
  • Hotel & Motel Resort
  • Car Rental Facility

Location

3555 Mercer University Dr Macon, GA 31204-4940
Macon metro Census 13201 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.18M
Blend (final) Blend
$3.90M

Owner & transaction history

since 2024
Last sale
$3.9M
4 recorded transactions
2024
$3.9M
1969
Price N/A
1969
Price N/A
1969
Price N/A

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

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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