500 Jefferson StAlbany, GA 31701

Property Details for 500 Jefferson St

Year built

1963

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

1,075 SF

Zone code

C5

Property type

Medical offices

Property subtype

Medical centers

APN

000CC/00025/001

APU

000CC00025001

Description

This exceptional 1,100 square foot commercial property, located at 500 Jefferson Street N in Albany, Georgia, presents a fantastic investment opportunity. Situated on a corner lot, this newly renovated building enjoys high visibility and proximity to key establishments such as Phoebe Putney Hospital Main Campus, Watson Spence, and The Bread House, as well as numerous churches and the downtown Albany area. The interior boasts four private offices, a dedicated reception area, a spacious waiting room (suitable for use as a conference room), and a convenient break room. Recent upgrades include fresh interior and exterior paint, modern light fixtures, and ample on-site parking for staff and clients. The building's strategic location and updated features make it ideal for a variety of professional uses. This is a turnkey operation ready for immediate occupancy. The asking price for this well-maintained commercial space is $169,000. Interested parties should inquire directly for detailed information regarding terms and availability. This property offers a rare blend of convenience, functionality, and aesthetic appeal in a thriving Albany commercial district. Don't miss this chance to acquire a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $108,581

  6.5%

  $100,228

  7%

  $93,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $76,422

  Geo Method

  $76,422

• Alternative Use

  Use

  Valuation

  Residential

  $124,283

  Hospitality

  $113,843

  Educational

  $94,716

  Medical

  $97,973

  Retail

  $147,336

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.5834

Longitude

-84.1556

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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