For Sale
$2,250,000

410 Broad Ave Albany, GA 31701

Class B Office, 47,759 SF, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 47,759 square foot Class B office building situated on a sizable 4.13-acre lot in Albany, Georgia. Known as The Truist Building, this multi-tenant property boasts 46,565 square feet of net rentable space, currently at 40% occupancy. The building, constructed in 1977, comprises four stories and features a total of fifteen units. The property includes a separate detached drive-thru facility and offers ample parking with 165 spaces, presenting potential for expansion. Strategically located on West Broad Avenue, North Monroe Street, and North Jefferson Street, the building benefits from high visibility and convenient access. The asking price is $2,250,000, translating to $47.11 per square foot. The property is currently leased to a credit-rated tenant, SunTrust Bank, and is situated within designated Federal and State Opportunity Zones, enhancing its investment appeal. This presents a substantial value-add opportunity for a discerning investor seeking a well-located, multi-tenant office building in a growing market. The property consists of one building across four parcels.

Highlights

  • $2,250,000 asking price for a 47,759 SF Class B office building.
  • 46,565 square feet of net rentable space, priced at $47.11 per square foot.
  • Located in Albany, GA at 410 W Broad Ave, on a 4.13-acre lot.
  • Currently 40% occupied, multi-tenant building with SunTrust Bank as an anchor tenant.
  • Features 15 units in a four-story building constructed in 1977.
  • 165 parking spaces available, with expansion potential.

Property Details for 410 Broad Ave

Property type
Office properties
Square Feet
47,759 SF
Class
B
Year Built
1977
Buildings
1
Stories
4
Lot Size (sq. ft)
179,903 SF
Units
15

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.5765253
Longitude
-84.1576516

FAQs

What type of property is this?
Office property - Class B Office, 47,759 SF, Value-Add Opportunity
Where is the office property located?
The property is located at 410 Broad Ave Albany, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: $2,250,000 asking price for a 47,759 SF Class B office building.; 46,565 square feet of net rentable space, priced at $47.11 per square foot.; Located in Albany, GA at 410 W Broad Ave, on a 4.13-acre lot.
How can I contact the broker?
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410 Broad Ave
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