59 Magnolia N St Jeffersonville, GA 31044-5429
Property profile & analytics
59 Magnolia N St, Jeffersonville, GA 31044-5429
- Grocery and convenience stores
- 12,541 SF
- 2.29 lot acres
Property ID
US22-3733644
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Piggly Wiggly / Grocery & Convenience Store / Food Market
Property Details for 59 Magnolia N St
- Year built
- 1976
- Construction
- STEEL FRAME
- Lot size
- 2.29 lot acres
- Zone code
- 2
- Property type
- Grocery and convenience stores
- APN
- JV05A 058
- APU
- JV05A058
Description
This exceptional investment opportunity presents a vacant, single-tenant grocery store in Jeffersonville, Georgia. The 12,500-square-foot building, constructed in 1976 and renovated in 2010, sits on a 2.29-acre lot zoned for commercial use. Currently vacant, this Class B property boasts a strong historical performance, generating over $2,000,000 in annual sales with high profit margins. The asking price is $1,200,000, representing a compelling $96 per square foot and a 16% capitalization rate based on a Net Operating Income (NOI) of $150,000. The store operates on a short-hours schedule (Monday-Saturday 7 am to 9 pm, Sunday 8 am to 8 pm) and historically employed 5-7 staff. The business includes real estate, existing business operations, and goodwill. Located just 30 miles east of Macon and 1.5 hours south of Atlanta, this property offers significant potential for growth. The seller is firm on the asking price and will not offer owner financing. Inventory valued at approximately $300,000 is sold separately at cost. A buyer should plan for approximately $300,000 for inventory and a 20% down payment, along with a credit score above 650. The seller pays less than $5,000 annually in royalties and advertising to Piggly-Wiggly. Training is available for the new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,990,000
- 6.5%
- $1,835,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,343,000
Market price range: $512k - $1.44M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jeffersonville
- County
- Twiggs
- State
- Georgia
- Longitude
- -83.3465
- Latitude
- 32.6886
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,855
$54,960
$91,995
$146,955
-
$137,400
$229,987
$367,387
