414 5th Ave - Medical FOR SALE


Albany, GA 31701
$975,000 USD
229-405-2483
414 5th Ave, Albany, GA for Sale
$975,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

414 5th Ave
Albany, GA 31701


HIGHLIGHTS

  • Prime medical office space next to large regional hospital. Sale-lease back opportunity offering over 8% rate of return.
  • Office was constructed in 1983 and added onto in 2019. Recent updating and partial roof replacement.
  • 14 exam rooms; 3 doctors' offices; 7 bathrooms; main and sub-waiting areas; procedure rooms; break room
  • The property in includes two tax parcels: 414 & 416 Fifth Avenue, Albany, GA

OVERVIEW

Considerable price improvement offered at a fraction of replacement cost! Turn-key, quality medical office located adjacent to Phoebe Putney Memorial Hospital and the newly completed $100+ million expansion of emergency room, NICU and ICU centers. The office has been updated and was added onto in 2019. The convenience for the doctor's group to be within walking distance to the hospital is second to none. Long-time OB-GYN practice would likely need to lease property back for 9-12 months or make other closing date arrangements. Call broker for more details.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Women's Health Professionals

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C-5

APN/PARCEL ID

0000f/00020/016

ASK ABOUT THIS PROPERTY

Mike EverettSouthCore Real EstateMore Info
229-405-2483

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Mike EverettSouthCore Real EstateMore Info
229-405-2483

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