Retail Space / Georgia / Macon / 31211 / 1040 Gray Highway

1040 Gray Highway

Macon, GA 31211

Listing ID: 203838

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$1,600,000

For Sale

Property Type Retail for Sale : Shopping Center
Lot Size Acres 5.000
Building Sq Ft 27,500
Building Price per Sq Ft $58.18
Land Sq Ft 217,800
Land Price per Sq Ft $7.35

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Description

The subject property is located on Gray Highway, in Bibb County, within downtown Macon. The property is located within a Macon federal opportunity zone. Gray Hwy produces a traffic count of 41,482 vehicles per day. The median household income within three miles of the subject property is $83,308 which is $24,000 above the national average.
There are many new developments coming up in Macon that will create upside in the market and create jobs.
“A new hiring initiative at Robins Air Force Base will add 1,200 jobs over the next year.” - Atlanta Business Chronicle, Dec. 7-13, 2018, page 8C. This investment is expected to add over 10,000 skilled labor jobs to Macon's economic base.
“A big driver is the upcoming completion of an Amazon fulfillment center … that is expected to produce at least 500 jobs … with as many as 1,000 workers … during holiday season.” - Atlanta Business Chronicle, Dec. 7-13, 2018, page 2C.

Attachments & Files

offeringmemorandum-20-L52-jjg.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Macon History of Retail Space for Sale

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Listing Demographics for 1040 Gray Highway Macon, GA 31211

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		4,714	32,142	71,543
Population Median Age		36	36	37
Population by Age	0-9 Yrs	770 (16%)	4114 (12%)	10041 (14%)
	10-19 Yrs	549 (11%)	5023 (15%)	9859 (13%)
	20-29 Yrs	957 (20%)	6196 (19%)	11637 (16%)
	30-39 Yrs	398 (8%)	3308 (10%)	8264 (11%)
	40-49 Yrs	429 (9%)	3280 (10%)	7865 (10%)
	50-59 Yrs	612 (12%)	3628 (11%)	8614 (12%)
	60-69 Yrs	570 (12%)	3590 (11%)	8080 (11%)
	70+ Yrs	429 (9%)	3003 (9%)	7182 (10%)

Median HH Income		$21,007	$27,061	$29,901
Total Household Income	< 24K	1338 (60%)	5883 (46%)	11798 (42%)
	25-49K	454 (20%)	3150 (25%)	6937 (25%)
	50-74K	166 (7%)	1312 (10%)	3564 (12%)
	75-99K	114 (5%)	889 (7%)	2243 (8%)
	100-199K	105 (4%)	983 (7%)	2334 (8%)
	200K+	35 (1%)	314 (2%)	596 (2%)

Highest Education Level	No Diploma	601	3681	8197
	Diploma or GED	888	6160	15097
	Some College	581	4229	10334
	Assoc. Degree	116	1028	2748
	Bachelors Degree	338	2434	5536
	Higher Degree	195	1821	3595

Total Housing Units		3,199	16,608	35,426
--Owner-Occupied		576	4,494	12,040
--Renter-Occupied		1,636	8,038	15,432
Owner-Occupied Values	< 100K	395	2656	7346
	100-199K	129	1251	3379
	200-299K	25	360	751
	300-399K	16	103	297
	400-499K	0	28	90
	500K+	12	96	177

Total Working Age Population		3,656	25,686	56,198
In Work Force		1,687	12,843	29,498
Not In Work Force		1,969	12,842	26,699
Workforce Employed		1,618	11,511	26,497
Workforce Unemployed		45	1,195	2,817
Civlian Workforce		1,663	12,706	29,315
Military Workforce		24	137	184

Total Households		2,212	12,532	27,472
Family Households		975	5,844	14,532
Non-Family Households		1,238	6,687	12,940
Married Couple		293	2,597	6,920
Other Family		681	3,247	7,612
Married w/Child		57	891	2,351
Single Male w/Child		17	108	440
Single Female w/Child		363	1,511	3,280

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Georgia	8,186,453	+18	9,687,653	+12	10,833,472	+13	12,292,423
Bibb County	153,887	+1	155,547	-2	152,150	0	151,845
Crawford County	12,495	+1	12,630	-3	12,228	-1	12,052
Jones County	23,639	+21	28,669	0	28,591	0	28,729
Twiggs County	10,590	-15	9,023	-10	8,086	-6	7,604

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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