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Investment Property 4979 Mercer University Dr 10,000 SF Retail Building Macon-Bibb, GA 31210 $1,425,000 ($142.50/SF) 6% Cap Rate
Investment Highlights
- Convenient to I-475 with excellent traffic count
- New 5 year lease with two 5 year renewal options
Executive Summary
Newly remodeled ± 10,000 Sf building on a 1.56 Ac lot
Neighbors include: Harley Davidson of Macon, Capitol Cycle, Macon Outdoor Power and more.
Neighbors include: Harley Davidson of Macon, Capitol Cycle, Macon Outdoor Power and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,000 SF
Year Built
1981
Price
$1,425,000
Price Per SF
$142.50
Cap Rate
6%
NOI
$85,500
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
1.56 AC
Zoning
PDE
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
209’ on Mercer University Drive
Amenities
- Corner Lot
Nearby Major Retailers
Property Taxes
| Parcel Number | L081-0104 | Improvements Assessment | $44,370 |
| Land Assessment | $126,363 | Total Assessment | $170,733 |
Property Taxes
Parcel Number
L081-0104
Land Assessment
$126,363
Improvements Assessment
$44,370
Total Assessment
$170,733
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Investment Property | 4979 Mercer University Dr
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