317 Oglethorpe BlvdAlbany, GA 31701

This 17,500 square foot flex space industrial building, located at 317 W Oglethorpe Blvd in Albany, Georgia (zip code 31701), presents a compelling investment opportunity. The Class B property, built in 1970 and renovated in 2001, sits on a 1.3-acre lot zoned C-2. Currently operating under a modified lease with a remaining term of 5 years, the multi-tenant building boasts 35% occupancy across two units, each priced at $1,000,000. The asking price for the entire property is $2,000,000, representing a price per square foot of $114.29 and a 5.00% cap rate. Features include a 13-foot ceiling height, ample parking with three points of access from a state highway, and a prime corner location on a high-traffic thoroughfare. The building's history includes use as a former grocery store with an additional 2,500 square foot office suite. Its solid construction and versatile layout offer significant redevelopment potential for a savvy investor. The property's strategic location in the heart of downtown Albany provides excellent visibility and accessibility.