317 Oglethorpe BlvdAlbany, GA 31701

Property Details for 317 Oglethorpe Blvd

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.28 AC

Property size (Sq ft)

14,940 SF

Zone code

C2

Property type

Retail space

APN

0S301/00006/022

APU

0S30100006022

Description

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.

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.5758

Longitude

-84.1554

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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