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363 Pierce Ave Macon, GA 31204

Office Spaces Google Maps
4,842 SF 0.34 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$195k
Range $176k – $215k (±10%)
Property ID US22-2236276

Property summary

AI-generated overview

This exceptional two-story office building, totaling 4,310 square feet, presents a compelling investment opportunity in Macon, Georgia. Located at 363 Pierce Avenue, this traditional office space sits on a 0.34-acre lot in a high-traffic area near the intersection of Pierce Avenue and Vineville Avenue. The property boasts convenient access to Interstates 16 and 75, as well as downtown Macon, ensuring excellent visibility and accessibility. According to 2021 GDOT data, Pierce Avenue sees approximately 9,570 vehicles per day, while Vineville Avenue experiences approximately 18,000 vehicles per day, indicating significant potential for business exposure. The building features ample on-site parking, supplemented by readily available street parking. Recent renovations include fresh paint, new carpeting, and updated lighting, enhancing the property's appeal and functionality. The property is zoned HR-3, offering flexibility for various commercial uses. The asking price is $495,000, translating to $114.85 per square foot. This represents a strong value proposition in a desirable Macon location. This turnkey property is ready for immediate occupancy and presents a rare opportunity for investors seeking a well-located, renovated office building in a thriving market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1979
Construction FRAME
Total area 4,842 SF
Lot 0.34 ac (14,810 SF)
Zoning code HR-3
APN O072-0042
UPID US22-2236276

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
  • Land Surveyor
  • Crisis Center Medical Clinic
  • Structural Engineer
  • Accounting Firm Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2022
Last sale
$220,000
1 recorded transaction
2022
$220,000

Zoning & alternative use

HR-3 · Macon, GA
Zoning description

er 20A - AH1 Airport Hazard District - Herbert Smart Chapter 20B - AH2 Airport Hazard District - Middle Georgia Regional Airport Chapter 20C - AH3 Airport Hazard District - Robins Air Force Base Chapter 21 - HR-1, HR-2,…

General category RESIDENTIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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