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Northside Plaza | Retail/Office Strip Center | 9.6% Cap Rate

3096 Riverside Drive
Macon, GA 31210
PRICE : $1,831,000
CAP RATE: 9.6%
PROPERTY TYPE: Retail
SITE SIZE: 2.37 Acres
BUILDING SIZE: 17,545 SF
YEAR BUILT: 1980

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 9.6% 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.

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