Northside Plaza | Retail/Office Strip Center | 9.0% Cap Rate

3096 Riverside Drive Macon, GA 31210

3096 Riverside Drive, Macon, GA, 31210
3096 Riverside Drive, Macon, GA, 31210
FOR SALE
Property Type:
Strip Center
Amount:
$1,856,000
Last Verified:
Feb 28, 2020

Highlights

  • Excellent location with high visibility and frontage from I-75
  • Located off I-75 with very high traffic counts of 57,586 vehicles per day and on Riverside Dr with traffic counts of 14,847 vehicles per day
  • 100% occupancy
  • Offered at 9.0% cap rate
  • Sits on ± 2.37 acres of land
  • Abundance of parking (127 surface spaces)

Description

Bull Realty is pleased to present Northside Plaza, a fully-occupied strip center in a prime, clearly-visible and accessible location from I-75 South. Riverside Drive is in an extremely busy location with traffic counts exceeding 14,847 vehicles on a daily basis. The shopping center sits on a healthy ±2.37-acre site and has an abundance of surface parking (127 spaces).

There are many new and recent developments in Macon that are revolutionizing the local economy and creating new jobs. Robins Air Force Base and Amazon have both created major hiring initiatives in the area that have created over 2,000 jobs in the past two years. Both organizations have expressed interest in further expansion which will drive area demand and development.

This property also offers upside potential with the development of two out-parcels on the site. For additional information, please reference page 7 of this offering memorandum.

This property is located in Macon, GA


Year Built: 1980
Building Size: 17545.0sq ft
Lot Size: 2.37 acres

Map of 3096 Riverside Drive, Macon, GA, 31210

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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