2826 Meredyth DrAlbany, GA 31707

Property Details for 2826 Meredyth Dr

Year built

1992

Construction

CONCRETE

Lot size

6.08 AC

Property size (Sq ft)

47,877 SF

Zone code

C3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

040-2/00000/111

APU

40200000111

Description

This exceptional 1.81-acre lot presents a unique investment opportunity in Albany, GA's thriving Northwest Dougherty County. Situated amidst a vibrant mix of medical offices, retail establishments, and professional spaces, this property offers unparalleled visibility and accessibility. Part of a larger 6.01-acre site currently undergoing development, this lot is being sold individually and is build-ready, eliminating the need for extensive site preparation. The entire site is divided into five individual tracts, offering flexibility for various development projects. While the exact dimensions are subject to final survey, this particular lot measures approximately 1.81 acres. The property boasts significant frontage on both Meredyth Drive and Westover Boulevard, benefiting from high traffic volume. According to the Georgia Department of Transportation, Westover Boulevard sees a daily traffic count of 21,000 vehicles. This strategic location, combined with the surrounding commercial activity, makes this lot ideal for a wide range of commercial ventures. An existing building on the site will be demolished prior to sale. This is a rare chance to establish a presence in one of Albany's most promising commercial areas. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,108,677

  6.5%

  $6,561,856

  7%

  $6,093,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,577,011

  Geo Method

  $8,577,011

• Alternative Use

  Use

  Valuation

  Residential

  $5,535,170

  Hospitality

  $5,070,186

  Educational

  $4,218,336

  Medical

  $4,363,410

  Retail

  $6,561,856

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.6094

Longitude

-84.222

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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