Property profile

753 Martin Luther King Jr Blvd Macon, GA 31201

FOR SALE
Auto shops
Property ID
US22-2072671
6,460 SF 0.27 ac lot Built 1946
Entity Owned 3-yr Hold Free & Clear
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753 Martin Luther King Jr Blvd, Macon, GA 31201 For Sale
$425,000 6,460 SF
753 Martin Luther King Jr Blvd, Macon, GA 31201
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Property summary

AI-generated overview

This 6,460 square foot auto shop, situated on a 0.27-acre lot in Macon, Georgia's vibrant downtown, presents a compelling investment opportunity. The property boasts 13-foot ceilings, four roll-up doors, and a wide-open floor plan, ideal for various commercial uses. Built in 1949, the building features a new TPO roof (excluding the garage area) installed in 2022. Its prime location between Pine and Oak Streets offers excellent walkability to residential lofts, the Bibb & Federal Courthouse, government offices, financial institutions, shopping, and entertainment. The property's proximity to Atrium Health Medical Center (employing over 4,600 people) and convenient access to Interstates 16 and 75 further enhance its appeal. The 107-foot frontage on Martin Luther King Jr. Boulevard provides exceptional visibility. Zoned CBD-2, this property offers significant potential for a variety of businesses. The asking price is $425,000, translating to $65.79 per square foot. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving downtown area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1946
Total area 6,460 SF
Lot 0.27 ac (11,761 SF)
Zoning code CBD-2
APN Q082-0046
UPID US22-2072671

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

753 Martin Luther King Jr Blvd Macon, GA 31201
Macon metro Census 13701 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2020
$51,000
2019
Price N/A
2019
Price N/A
2019
Price N/A
2010
$50,000
2010
$50,000

Zoning & alternative use

CBD-2 · Macon, GA
Zoning description

hapter 10 - R-2A and R-2 Two-Family Chapter 11 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 - C-2 General Commercial District Chapter 13A - CBD-1 Central Business District Chapter 13B -…

General category COMMERCIAL

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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