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4989 Mercer University Dr Macon, GA 31210-5681

OFF-MARKET Outlet malls Google Maps
13,750 SF 0.94 ac lot Built 1989
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$560k
Range $504k – $616k (±10%)
Property ID US22-2339192

Property summary

AI-generated overview

This exceptional 13,750 square foot storefront, situated on a 0.94-acre lot in Macon, Georgia, presents a compelling owner-user investment opportunity. Priced at $1,250,000 ($90.91 per square foot), this Class C retail property boasts a highly desirable location less than a mile from Interstate 475, ensuring excellent accessibility and visibility. Its strategic placement across from Capitol Cycle & Harley Davidson guarantees significant foot traffic and brand exposure. The functional layout includes three offices, two bathrooms, one interior roll-up door, and five exterior roll-up doors, catering to diverse operational needs. The property is zoned PDE and offers ample space for various retail or warehouse uses. This prime location at 4989 Mercer University Drive, Macon, GA 31210, near the signalized intersection of Mercer University Drive and Log Cabin Drive, promises substantial returns for a discerning investor seeking a high-traffic, easily accessible commercial property in a thriving area. The property's size and features make it ideal for business relocation or expansion. This is a rare opportunity to acquire a well-positioned, versatile commercial space in a dynamic market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1989
Total area 13,750 SF
Lot 0.94 ac (40,946 SF)
Zoning code PDE
APN L081-0102
UPID US22-2339192

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
  • Carpet & Flooring Store Hardware & Home Improvement

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$397k
Blend (final) Blend
$560k

Owner & transaction history

since 2020
Last sale
$600,000
6 recorded transactions
2020
$600,000
2020
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PDE · Macon, GA

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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