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116 Riverside Pky 8,200 SF 63% Leased Retail Building Macon-Bibb, GA 31210 $1,575,000 ($192.07/SF) 4.46% Cap Rate
Investment Highlights
- Proximity to I-75 exit.
- Located across from a Kroger-anchored shopping center with robust daily traffic.
- Multiple ingress and egress points from Riverside Drive and Arkwright Road.
- Positioned on one of Macon’s most active commercial corridors with immediate access to I-75.
- Surrounded by national retailers, restaurants, and hospitality venues.
- Ample surface parking and prominent signage availability to maximize visibility.
Executive Summary
Positioned along one of Macon's most active commercial corridors, this property offers high visibility, strong traffic counts and immediate access to I-75. The property sits directly across from a busy Kroger-anchored shopping center and is surrounded by national retailers, dining, and hospitality options — making it ideal for retail, service or professional office use. Existing tenants include a curated mix of beauty and specialty retail concept that create steady customers flow throughout the day. The site benefits from excellent signage opportunities, ample parking, and convenient ingress/egress from both Riverside Drive and Arkwright Road. The Building is newly painted.
Currently the building is 63% occupied.
Currently the building is 63% occupied.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,200 SF
Building Class
C
Year Built
1996
Price
$1,575,000
Price Per SF
$192.07
Cap Rate
4.46%
NOI
$70,199
Percent Leased
63%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.67 AC
Zoning
C-2 - Commercial
Parking
37 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
333’ on Riverside Parkway
Amenities
- 24 Hour Access
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
CT&I : $2.00/psf
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 3,000 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
CT&I : $2.00/psf
Fairly walkable
50/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | N041-0047 | Improvements Assessment | $296,630 |
| Land Assessment | $57,802 | Total Assessment | $354,432 |
Property Taxes
Parcel Number
N041-0047
Land Assessment
$57,802
Improvements Assessment
$296,630
Total Assessment
$354,432
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Presented by
Premium Realty
116 Riverside Pky
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