2707 Dawson RdAlbany, GA 31707

Property Details for 2707 Dawson Rd

Year built

1992

Construction

STEEL FRAME

Lot size

14.05 AC

Property size (Sq ft)

125,299 SF

Zone code

C7

Property type

Retail properties

Property subtype

Strip malls

APN

00352/00002/06H

APU

003520000206H

Description

Albany Square, located at 2707 Dawson Rd, Albany, GA 31707, presents a prime retail investment opportunity in Dougherty County. This multi-tenant shopping center boasts a total of 115,094 square feet of retail space. Currently, there is a significant opportunity for a new tenant, with 25,054 square feet of vacant space readily available. The property's strategic location in Albany, Georgia offers excellent visibility and accessibility for businesses seeking a strong foothold in a thriving market. The existing tenants contribute to a vibrant and bustling shopping environment, creating a synergistic atmosphere for potential new occupants. The property is classified as a shopping center and commercial space, catering to a diverse range of retail businesses. The substantial square footage of the vacant space allows for flexibility in tenant configuration and business needs. This is an exceptional chance to secure a prominent location within a well-established retail center in a high-growth area. The property's size and location make it ideal for a variety of retail uses, offering significant potential for return on investment. Interested parties are encouraged to explore this exceptional opportunity to establish or expand their retail presence in Albany, Georgia. The property is easily accessible from major roadways, ensuring high traffic flow and visibility for businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $97,934,960

  6.5%

  $90,401,496

  7%

  $83,944,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,889,376

  Geo Method

  $120,889,376

• Alternative Use

  Use

  Valuation

  Residential

  $76,257,048

  Hospitality

  $69,851,048

  Educational

  $58,115,248

  Medical

  $60,113,924

  Retail

  $90,401,496

Location Insight

City

Albany

County

Dougherty

State

Georgia

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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