765 Gray Hwy Macon, GA 31211-1852
This exceptional Macon, Georgia investment opportunity encompasses six parcels totaling 1.41 acres, strategically located at the intersection of Gray Highway and 2nd Street. The property features five buildings constructed between 1954 and 1986, offering a combined 836 to 22,612 square feet of space. The property's mixed-use nature includes retail space on Gray Highway parcels (zoned C-4), and light industrial space on Woolfolk Street and Clinton Road parcels (zoned C-2). Woolfolk Street is a county-owned easement. The Gray Highway parcels include addresses 755, 757, and 765 Gray Highway. The Woolfolk Street parcels are located at 223 and 249 Woolfolk Street, and the Clinton Road parcels are at 682 and 696 Clinton Road. This multi-tenant property benefits from its high-traffic location near established businesses such as Kroger, McDonald's, Krispy Kreme, Nu-Way Weiners, Budget Truck Rental, Bojangles, and Attaway Tire. The asking price for this income-producing asset is $600,000. APN numbers are R071-0066, R071-0088, R071-0089, R071-0090, and R071-0091. This presents a compelling opportunity for investors seeking a diversified portfolio with strong rental income potential.
1 - 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 - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 - M-1 Wholesale and Light Industrial Di…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-4 · Macon, GA1 - 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 - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 - M-1 Wholesale and Light Industrial District Chapter 17 - M-2 Heavy Industrial District Chapter 18 - M-3 Heavy Industrial
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.