3014 Gray Hwy Macon GA 31211 | MLS 8519182

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$490,000
3014 Gray Hwy
Macon GA 31211
Commercial

10.45% CAP ON ACTUAL CURRENT NOI INCOME – 70% OCCUPANCY, TONS OF UPSIDE POTENTIAL! Great investment 10,000 SF building into 10 suites and currently 70% occupied. Just inside Jones County, but convenient to Macon on Hwy 129/Gray Hwy. 2 acres with lots of parking and frontage on Gray Hwy, priced less than estimated 40% of replacement value. Existing rents are 45% below market rent, additional lease up potential. Low maintenance construction – brick, vinyl and metal exterior with metal roof.
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Status: 
Active
MLS: 
8519182
Property Type: 
Commercial
Square Feet: 
10,000 (approx)
Lot Size: 
87,120 sqft / 2.00 acres (approx)
Listed: 
Feb 1, 2019 (20 days)
 
Updated: Thursday, Feb 21 2019
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Listing courtesy of New Atlantic Realty Group Inc

© 2019 GAAR. Information deemed reliable, but not guaranteed. This site was last updated 2019-02-21.
3014 Gray Hwy
Macon, GA
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