945 Pine AveAlbany, GA 31701
- Retail properties
- 9,742 SF
Property Details for 945 Pine Ave
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 1.27 AC
- Property size (Sq ft)
- 9,742 SF
- Zone code
- C3
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 0000D/00030/003
- APU
- 0000D00030003
Description
This exceptional 23,000-square-foot distribution warehouse, located at 945 Pine Ave in Albany, Georgia (31701), presents a unique investment opportunity. Priced at $650,000 ($28.26/sq ft), this property boasts a rich history, originally constructed in 1930 as a peach processing facility. Subsequently, it served as a building and supply retail store. Undergoing extensive renovations in 2018, the property now offers modern functionality within a historically significant structure. The warehouse sits on a 2.4-acre lot and is currently vacant, providing immediate occupancy for a new tenant. The property features five buildings and is zoned C-2 General Business, offering flexibility for various commercial uses. With a net rentable area of 23,000 square feet, this property is ideal for businesses seeking a substantial and well-maintained space in a thriving Midtown Albany location. The property's APN is 000/0030/003. This is a rare opportunity to acquire a versatile and strategically located industrial property in Dougherty County, Georgia. The property's size, location, and recent renovations make it an attractive investment for both owner-occupiers and investors seeking strong rental potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,446,472
- 6.5%
- $1,335,205
- 7%
- $1,239,833
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,745,248
- Geo Method
- $1,745,248
-
Alternative Use
- Use
- Valuation
- Residential
- $1,126,295
- Hospitality
- $1,031,680
- Educational
- $858,346
- Medical
- $887,866
- Retail
- $1,335,205
Location Insight
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Latitude
- 31.5806
- Longitude
- -84.1736
- CBSA code
- 10500
- CBSA name
- ALBANY, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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