3005 Old Dawson RdAlbany, GA 31721

Property Details for 3005 Old Dawson Rd

Year built

1975

Construction

WOOD

Lot size

5.52 AC

Property size (Sq ft)

11,400 SF

Zone code

R1

Property type

Office buildings

APN

00352/00001/006

APU

35200001006

Description

This exceptional 11,400-square-foot, single-story commercial building presents a unique investment opportunity in Albany, Georgia. Situated on a generous 5.52-acre lot in the heart of northwest Albany, this property offers unparalleled convenience and accessibility. The building boasts 24 private offices, providing ample space for a variety of business needs. Four handicap-accessible restrooms ensure compliance and inclusivity. A well-equipped kitchen and break room cater to employee comfort, while a dedicated conference room facilitates productive meetings. The property features a covered drop-off area in the rear for convenient access, along with extensive parking to accommodate numerous vehicles. All city utilities are connected, and a partial sprinkler system and alarm system enhance security and safety. Zoned C5c, the property allows for office, institutional, religious, preschool, or other office uses, subject to administrative approval from the Planning Office. Originally constructed as a church and converted to an office building in 2012, this property benefits from its established infrastructure and adaptable layout. Its prime location places it within one to two blocks of banks, insurance companies, and medical offices, ensuring high visibility and convenient access to essential services. The property also offers approximately 650 feet of road frontage and additional access via a public road at the rear, providing excellent ingress and egress. This is a remarkable opportunity to acquire a substantial and well-maintained commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,151,461

  6.5%

  $1,062,887

  7%

  $986,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,426

  Geo Method

  $810,426

• Alternative Use

  Use

  Valuation

  Residential

  $1,317,980

  Hospitality

  $1,207,263

  Educational

  $1,004,429

  Medical

  $1,038,972

  Retail

  $1,562,444

Location Insight

City

Albany

County

Dougherty

State

Georgia

Latitude

31.6146

Longitude

-84.228

CBSA code

10500

CBSA name

ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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