1001 Slappey BlvdAlbany, GA 31701

  • Retail properties
  • 19,500 SF
For Sale
$799,900 View listing

Property Details for 1001 Slappey Blvd

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.33 AC
Property size (Sq ft)
19,500 SF
Zone code
C1
Property type
Retail properties
Property subtype
Outlet malls
APN
0000G/00037/003
APU
0000G00037003

Description

This exceptional 10.097-acre commercial property in Albany, Georgia, presents a significant investment opportunity. Strategically located on Slappey Boulevard, it enjoys convenient proximity to the airport, major industrial areas, and key trucking routes. The property boasts a substantial 58,401 square feet of building space, including a main structure of 43,795 square feet. This main building comprises a spacious 28,000 square foot garage/warehouse area, complemented by 15,795 square feet of climate-controlled space, ideal for offices, showrooms, or a parts room. Three additional detached buildings enhance the property's versatility: a former body shop (12,040 sq ft), a storage building (1,890 sq ft), and a sales office (676 sq ft). The site features 7 fenced acres, 5 acres of asphalt paving, and 2.9 acres of open land, providing ample space for various uses. Two commercial entrances and pole lighting throughout the lot ensure excellent visibility and accessibility. A gated alley provides secure access to the rear of the property. Currently, a portion of the property generates income through existing leases: a car lot occupying the sales office pays $3,000 per month, while a secondary mechanic shop (Wallace Shop) in the rear pays $1,200 monthly. This property offers substantial potential for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,895,319
    6.5%
    $2,672,602
    7%
    $2,481,702
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,493,362
    Geo Method
    $3,493,362
  • Alternative Use

    Use
    Valuation
    Residential
    $2,254,440
    Hospitality
    $2,065,055
    Educational
    $1,718,102
    Medical
    $1,777,190
    Retail
    $2,672,602
1001 Slappey Blvd, Albany, Georgia

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.5906
Longitude
-84.1769
CBSA code
10500
CBSA name
ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,318
$102,160
$97,840
$200,000
-
$255,400
$244,600
$500,000

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