488 W GA Highway 49 - Convenience Store FOR SALE


Milledgeville, GA 31061
$2,600,000 USD
470-401-0205
488 W GA Highway 49, Milledgeville, GA for Sale
$2,600,000 USD
Convenience Store - FOR SALE
1/23
null | Request Cap Rate

488 W GA Highway 49
Milledgeville, GA 31061


HIGHLIGHTS

  • 488 W GA Highway 49 is an approximately 3,910-square-foot gas station and convenience store with two flexible outbuildings on 3.04 acres.
  • Less than 10 minutes from Baldwin County’s largest employers, including Georgia College & State University (GCSU) and Atrium Health Navicent Baldwin.
  • Fully remodeled property after rebranding to Texaco with four fuel pump positions, mitigating future capital expenditures for new buyers.
  • Value-add opportunities include utilizing the open COAM license and repositioning the outbuildings and/or expanding on the vacant land.
  • Strategically positioned in an affluent node with an average annual household income of $100,121 reported within a 2-mile radius.

OVERVIEW

488 W GA Highway 49 is a Texaco gas station and convenience store (c-store) spanning 3,910 square feet with four fuel pumps and two additional outbuildings on the spacious 3.04-acre site. The property has been completely remodeled and rebranded as Texaco, which has a fuel contract with Amazing Energy Solutions. There are ample value-add opportunities new buyers can enact, including reusing or converting the existing outbuildings, expanded construction on the excess land, and securing the open Coin Operated Amusement Machines (COAM) license. The property is decidedly positioned just minutes from Downtown Milledgeville, major employers, and affluent suburbs, ideally placing it to take full advantage of market trends. Milledgeville, the seat of Baldwin County, touts one of the most multifaceted economies in the Middle Georgia region. Healthcare and social services are the fastest-growing sectors in Baldwin County, representing approximately 20% of jobs in the county. Meanwhile, education accounts for a significant portion of jobs, with the overwhelming majority coming from Georgia College & State University (GCSU) and the Baldwin County School District. In fact, GCSU alone is one of the largest employers in the Middle Georgia region, generating over $333 million in economic impact in 2024, and the main campus is located at the heart of Milledgeville. The presence of such high-paying employers draws well-educated residents to the area with above-average incomes in comparison to the region. 488 W GA Highway 49 is in a particularly affluent node, with an average annual household income of $100,121 within a 2-mile radius, and its off-highway location makes it an easy stop for commuters.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

None

APN/PARCEL ID

038-048-BO1

ASK ABOUT THIS PROPERTY

Aysha TreadwellAmazing Realty Partners, LLCMore Info
470-401-0205

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Aysha TreadwellAmazing Realty Partners, LLCMore Info
470-401-0205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.