Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    722 Martin Luther King Jr Blvd Macon, GA 31201

    • Grocery and convenience stores
    • 5,023 SF
    • 0.23 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Nov 16, 2020
    $143,000
    Location Intelligence
    Property ID
    US22-2327082
    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.

    Current Use by Public Records

    • Georgian Insurance Group / Insurance Agency
    • Western Union / Money Transfer Service
    • Amazon Hub Locker - Tirsa / Shipping And Mailing Service

    Property Details for 722 Martin Luther King Jr Blvd

    Year built
    1954
    Lot size
    0.23 lot acres
    Property size
    5,023 SF
    Zone code
    CBD-2
    Property type
    Grocery and convenience stores
    APN
    R081-0073
    APU
    R0810073

    Description

    This 3,131 square foot retail property at 722 Martin Luther King Jr Boulevard in Macon, Georgia, presents a unique investment opportunity. Built in 1954 and renovated in 1970, the building currently features a former convenience store space, an attached approximately 1,700 square foot open-air garage, and a second-level office space. The property sits on a 0.23-acre lot and is zoned CBD-2, offering flexibility for various uses. Possible uses include a convenience store, wholesale distribution center, or showroom/storage. Its prime location in downtown Macon offers excellent visibility and accessibility, situated approximately one mile from Interstate 16 and 1.2 miles from Interstate 75. The area boasts strong surrounding businesses, including Atrium Health Navicent, Wilson Bryant Heating & Air, Broadway Lofts, and several government agencies. Signage opportunities are available. The asking price is $450,000 ($143.72/sq ft). The property is also available for lease.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $175,000
      6.5%
      $185,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $210,000
      Mixed-Use
      $200,000
      Hospitality
      $220,000
      Educational
      $215,000
      Residential Income
      $170,000
      Energy
      $185,000
      Income-Based Land
      $225,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6293
    Latitude
    32.8304
    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
    $3,858
    $68,680
    $42,764
    $111,444
    -
    $171,700
    $106,910
    $278,610

    Comparable in this City

    • Value Estimation
      $1,190,000
      2,676 SF

      885 Martin Luther King Jr Blvd

      CONVENIENCE STORE • 2,676 SF
      885 Martin Luther King Jr Blvd, Macon, GA 31201-3267
      View Details
    • Value Estimation
      $330,000
      2,376 SF

      1194 Forsyth St

      CONVENIENCE STORE • 2,376 SF
      1194 Forsyth St, Macon, GA 31201-1736
      View Details
    • Value Estimation
      $615,000
      3,976 SF

      893 Riverside Dr

      CONVENIENCE STORE • 3,976 SF
      893 Riverside Dr, Macon, GA 31201-2662
      View Details
    • Value Estimation
      $355,000
      1,570 SF

      1610 Broadway

      CONVENIENCE STORE • 1,570 SF
      1610 Broadway, Macon, GA 31201-3032
      View Details
    • Value Estimation by Request
      1,612 SF

      1745 Telfair St

      CONVENIENCE STORE • 1,612 SF
      1745 Telfair St, Macon, GA 31201-2547
      View Details
    • Value Estimation
      $300,000
      2,430 SF

      758 Hazel St

      CONVENIENCE STORE • 2,430 SF
      758 Hazel St, Macon, GA 31201-6856
      View Details

    Similar Nearby for Sale

    • $450,000
      3,131 SF

      Downtown Macon Retail Opportunity

      High-traffic location, 3131 sq ft, $450,000
      722 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details
    • $375,000
      4,831 SF

      Former Store with Development Potential

      Former store with office and development opportunity in Macon, GA.
      722 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details
    • $539,000
      6 SF

      Storefront Retail/Office Building For Sale

      6,732± SF, three-story storefront retail/office building in Macon, GA.
      391 2Nd St, Macon, GA 31201
      View Details
    • $375,000
      4 SF

      Multi-Use Commercial Building For Sale

      4,948 SF multi-use commercial building with loft apartment.
      442 2Nd St, Macon, GA 31201
      View Details
    • $425,000
      6 SF

      Retail/Warehouse/Showroom on MLK Jr. Blvd.

      6,460 SF retail/warehouse/showroom with frontage on MLK Jr. Blvd.
      753 Martin Luther King Jr Blvd Macon, Macon, GA 31201
      View Details
    • $1,850,000
      13,721 SF

      Macon Central Business District Retail

      Retail space in Macon's Central Business District for sale.
      362 2Nd St, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      1,300 SF

      Storefront Retail / Office Space

      1,300± SF retail/office space with open layout in Macon, GA.
      811 Forsyth St, Macon, GA 31201
      View Details
    • $1,250 /Mo
      931 SF

      Storefront Retail / Office Space

      931± SF retail/office space with reserved parking.
      839 Forsyth St, Macon, GA 31201
      View Details
    • $14 SF/Yr
      1,300 SF

      Storefront Retail / Office Space

      1,300 SF storefront retail/office space available for rent.
      452 1St St, Macon, GA 31201
      View Details
    • $14 SF/Yr
      1,225 SF

      Salon Space Available For Rent

      1,225 SF salon space with private entrance.
      426 2Nd St, Macon, GA 31201
      View Details
    • $12 SF/Yr
      3,918 SF

      Storefront Retail Space Available

      3,918 SF retail space with excellent window frontage.
      523 Cherry St, Macon, GA 31201
      View Details
    • $10 SF/Yr
      1,150 SF

      Retail Suites Available for Lease

      Retail suites for lease with flexible layouts and parking.
      183 Spring St, Macon, GA 31201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 Martin Luther King Jr Blvd
    Macon, GA 31201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.