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400 PIO NONO AVE Macon GA 31204-0941

[Locked] • APN P0730412

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Details
Property Type Industrial, Retail (+1)
Sub Type Warehouse
Building SqFt 84,218
Lot SqFt 379,988
Acreage ******
Number of Units 15
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code PDM
Year Built 1997
Building Count 1
Opportunity Zone No
Lease Rate ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Self Storage
Marketing Description

Grandstone Investment Sales is pleased to exclusively present for sale CubeSmart Self Storage, located at 400 Pio Nono Avenue in Macon, GA. The facility totals 50,625 net rentable square feet across 529 climate-controlled units and 100 newly added RV/Boat parking spaces, making it the premier storage facility in the trade area. Originally built in 1997 and renovated in 2021, the property sits on 8.72 acres with strong visibility along Pio Nono Avenue, which sees more than 15,300 vehicles per day.

The property is currently 72.3% physically occupied and 50.2% economically occupied, offering measurable lease-up potential. The surrounding market includes 51,433 residents within three miles and 96,180 residents within five miles, with median household incomes of $39,523 and $44,548, respectively. The five-mile population is projected to surpass 98,000 by 2029.

The asset is being offered at $7,300,000 ($144.22 per SF) and combines stabilized operations with additional income opportunities from the new RV and boat parking component.

Investment Highlights
  • Purchase Price: $7,300,000

  • Price P/SF: $144.22

  • Net Rentable SF (NRSF): 50,625 SF

  • Total Units: 629 (529 Climate-Controlled / 100 RV & Boat Parking)

  • Physical Occupancy: 72.3%

  • Economic Occupancy: 50.2%

  • Acreage: 8.72 acres

  • Year Built / Renovated: 1997 / 2021

  • Traffic Counts: 15,300+ vehicles per day on Pio Nono Avenue

  • Demographics (3-mile radius): 51,433 residents | $39,523 median household income

  • Demographics (5-mile radius): 96,180 residents | $44,548 median household income

  • Projected Growth (5-mile radius): Population to exceed 98,000 by 2029

  • Surroundings: Central Macon location; premier facility in the trade area with strong demand for new RV/Boat parking inventory

  • 15K NRSF Expansion Possibility

Activated On
05/11/2020 14:44:06
Sold Price
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Description
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Marketing Description
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Marketing Description Text
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Tenancy
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Brokers
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Price/Sq Ft
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Asking Price
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Asking Price Per Square Foot
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Days on Market
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Brokerage(s)
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Property Type
Property Type
Retail, Industrial, Self Storage
Property Subtype
Warehouse
Marketing Description
Former Kroger building. 84,356 sf with 2,381 sf dock space with 2 docks on 8.72 acres. Ceiling height is 21’ to 24’. Built in 1997 and zoned PDE. Parking lot has 426 spaces including 12 handicap. Traffic count of 20,500 VPD on Pio Nono & 16,000 VPD on Vineville. Uses may include light industrial, distribution, self-storage, retail/entertainment, worship center, etc. 1± AC Out Parcel included sale price, uses may include retail, office. Fuel tanks have been removed.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
PB
Patty Burns PRO
•••.•••.9421
•atty@••••••••.com
Brokerage logo
Sold on
 BY:
TW
Trip Wilhoit
•••.•••.9421
trip@••••••••.com
Brokerage logo
Listing removed on
 BY:
MP
Meir Perlmuter PRO
•••.•••.7070
••dray@••••••••••••.com
Brokerage logo

Map

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