238 Broad AveAlbany, GA 31701

Property Details for 238 Broad Ave

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

3,688 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

0S201/00004/014

APU

0S20100004014

Description

This exceptional 2,938 square foot commercial building, located at 238 W Broad Avenue in the heart of downtown Albany, Georgia, presents a rare opportunity for discerning investors or business owners. Situated on a 0.12-acre lot, this property boasts a wealth of attractive features ideal for a variety of uses. The building's character is undeniable, featuring exposed brick walls that lend a unique charm and industrial chic aesthetic. Large display windows provide excellent street visibility, perfect for attracting customers. Inside, you'll find a well-maintained retail counter, updated lighting fixtures, and the potential for a loft-style living space upstairs – adding versatility and potential for mixed-use development. A private rear courtyard offers an outdoor space, while a separate storage building with convenient alley access provides ample room for inventory or equipment. The property is priced competitively at $179,000. Pre-approval letters are required for showings. This is a truly unique opportunity to own a piece of downtown Albany's vibrant commercial landscape. Don't miss out on this chance to acquire a property with immense potential. The possibilities are truly endless.

• CAP approach

  CAP return

  Valuation

  6%

  $547,586

  6.5%

  $505,464

  7%

  $469,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,693

  Geo Method

  $660,693

• Alternative Use

  Use

  Valuation

  Residential

  $426,378

  Hospitality

  $390,560

  Educational

  $324,941

  Medical

  $336,117

  Retail

  $505,464

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.5765

Longitude

-84.1531

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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