For Sale
$799,900

1001 Slappey BlvdAlbany, GA 31701

Albany, GA: 58,401 SF, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 1001 S Slappey Blvd in Albany, Georgia, presents a compelling investment opportunity. The 10.097-acre site boasts 58,401 square feet of building space, strategically situated near the airport, major industrial areas, and key trucking routes. The property includes a main building encompassing 43,795 square feet, featuring 28,000 square feet of garage/warehouse space and 15,795 square feet of climate-controlled office, showroom, and parts room areas. Three additional buildings provide further versatility: a 12,040-square-foot former body shop, a 1,890-square-foot storage building, and a 676-square-foot sales office. The property's infrastructure is robust, featuring seven fenced acres, five acres of asphalt paving, and 2.9 acres of open land. Two commercial entrances, ample pole lighting, and gated alley access enhance functionality and security. The property is currently 50% occupied, generating a monthly income stream from several tenants. A car lot leases one side for $3,000 per month, a secondary mechanic shop pays $500 per month, a Wallace Shop in the back leases for $1,000 per month, and a newly leased warehouse brings in an additional $3,000 monthly. Built in 1972 with renovations in 1980 and 1985, this Class C property is zoned C4 and offers 14,606 square feet of net rentable space, priced at $13.70 per square foot. This property offers significant upside potential for a savvy investor.

Highlights

  • Strong existing cash flow with $7,500 monthly rental income from four tenants.
  • High-visibility corner lot with existing car dealership sales office.
  • Secondary income streams from a mechanic shop and warehouse.

Property Details for 1001 Slappey Blvd

Property type
Mixed-use properties
Square Feet
58,401 SF
Class
C
Year Built
1972
Buildings
5
Stories
1

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.5639683
Longitude
-84.1772687
1001 Slappey Blvd, Albany, Georgia

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1001 Slappey Blvd
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