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488 W GA Highway 49 3,910 SF Retail Building Milledgeville, GA 31061 $2,600,000 ($664.96/SF)
Investment Highlights
- 488 W GA Highway 49 is an approximately 3,910-square-foot gas station and convenience store with two flexible outbuildings on 3.04 acres.
- Value-add opportunities include utilizing the open COAM license and repositioning the outbuildings and/or expanding on the vacant land.
- Fully remodeled property after rebranding to Texaco with four fuel pump positions, mitigating future capital expenditures for new buyers.
- Strategically positioned in an affluent node with an average annual household income of $100,121 reported within a 2-mile radius.
Executive Summary
488 W GA Highway 49 property has been completely remodeled and rebranded as Texaco, which has a fuel contract with Amazing Energy Solutions. There are ample value-add opportunities new buyers can enact, including reusing or converting the existing outbuildings, expanded construction on the excess land, and securing the open Coin Operated Amusement Machines (COAM) license.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,910 SF
Building Class
C
Year Built
1960
Price
$2,600,000
Price Per SF
$664.96
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.04 AC
Zoning
None - No zoning
Amenities
- 24 Hour Access
- Restaurant
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
330
2,442
18,576
29,158
2030 Population
315
2,379
18,554
29,023
2025-2030 Projected Population Growth
-4.6%
-2.6%
-0.1%
-0.5%
Median Age
44.7
39.8
34.0
36.1
College Degree + Higher
25%
21%
16%
12%
Daytime Employees
61
357
11,773
13,890
Total Businesses
6
33
1,282
1,813
Average Household Income
$105,511
$83,212
$57,251
$65,600
Median Household Income
$112,500
$59,171
$39,646
$46,278
Total Consumer Spending
$4.7M
$28.2M
$156.6M
$269.7M
2025 Households
134
957
6,660
10,794
Average Home Value
$250,619
$237,290
$206,655
$237,203
Property Taxes
| Parcel Number | 038-048-BO1 | Improvements Assessment | $58,820 |
| Land Assessment | $0 | Total Assessment | $58,820 |
Property Taxes
Parcel Number
038-048-BO1
Land Assessment
$0
Improvements Assessment
$58,820
Total Assessment
$58,820
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488 W GA Highway 49
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