Property summary
This exceptional 3.37-acre development site in Macon, Georgia, presents a unique investment opportunity. Located on Sheraton Drive, this R-3 zoned property boasts 386 feet of frontage on Sheraton Drive and an impressive 498 feet of frontage on Interstate 75, ensuring high visibility and accessibility. Its strategic location is just one mile south of the Shoppes @ River Crossing, providing convenient access to retail and amenities. The property benefits from excellent traffic counts, with approximately 17,000 average daily vehicles on Arkwright Road and Riverside Drive, and a substantial 42,100 average daily vehicles on Interstate 75. The R-3 zoning permits the development of multi-family residential units or a professional office park, offering flexibility for various development plans. All utilities are available on-site. This prime location is further enhanced by its proximity to Interstate 75, situated between the Riverside Drive and Arkwright Road exits. The property's neighboring businesses include Pin Strikes Macon, Infinity of Macon, Groome Transportation, and a Courtyard by Marriott, indicating a thriving and established commercial area. The asking price for this exceptional property is $370,700. This is a rare opportunity to acquire a highly desirable development site in a rapidly growing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
icts Chapter 6 - Agricultural District Chapter 7 - Rural Residential District Chapter 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 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Macon, GAicts Chapter 6 - Agricultural District Chapter 7 - Rural Residential District Chapter 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 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
icts Chapter 6 - Agricultural District Chapter 7 - Rural Residential District Chapter 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 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Macon, GA.
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