128 S Washington St - Freestanding FOR SALE


Albany, GA 31701
$2,300,000 USD
917-200-8909
128 S Washington St, Albany, GA for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/24
null | Request Cap Rate

128 S Washington St
Albany, GA 31701


HIGHLIGHTS

  • Build to suit lease is also available
  • One of the most beautiful buildings in Albany, Georgia
  • 32,000 Traffic Count
  • In historic Downtown near the Albany Civic Center, the Ray Charles Memorial, and the Flint RiverQuarium.
  • Over 72,767 people live within five miles and spend $594,782,849 annually with retail trade seeing an above US average market growth of 4.13%.
  • Corner building in opportunity zone with potential tax incentives and less than ten minutes from the Southwest Georgia Regional Airport.

OVERVIEW

Owner financing available! The property is also available for Build-to-Suit! The property is ideal for a National Franchise (Cracker Barrel, Starbucks, Panera Bread, TGI Fridays, Outback Steakhouse, LongHorn Steakhouse, Olive Garden, Applebee’s, Chili’s, Red Lobster, The Cheesecake Factory, Ruby Tuesday, McDonald's, Burger King, Pizza Hut, Dunkin' etc.) Designed in 1961 by architect, Harry A. “Bo” MacEwen (http://www.macewen.com), this property is nestled in the heart of downtown Albany. Located on the corner of S. Washington and Oglethorpe Blvd, this is one of the most unique and arresting structures in Southwest Georgia. Centrally located this property is within walking distance of all Albany's governmental buildings, Turtle Grove Park, The Flint River aquarium, Pretoria Farms Brewery (coming soon!) and has outstanding exposure to the public, with over 32,000 vehicles passing it per day, Oglethorpe Blvd over 29,700 and S. Washington over 2,000 traffic count) Property Facts Property Type: Retail Property Subtype: Freestanding Building Size: 35,679 SF Building Class: B Year Built/Renovated: 1961/1995 Tenancy: Multiple Building Height: 3 Stories Building FAR: 0.62 Land Acres: 1.33 AC Zoning: C-2 - Commercial Parking: 42 Spaces (1.18 Spaces per 1,000 SF Leased)

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bank, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C-2

APN/PARCEL ID

0S101-00002-021

ASK ABOUT THIS PROPERTY

Lazaros TerzidisGRRealty.comMore Info
917-200-8909

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Lazaros TerzidisGRRealty.comMore Info
917-200-8909

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