128 S Washington St 41,000 SF Vacant Retail Building Albany, GA 31701 $1,900,000 ($46.34/SF) 13.72% Cap Rate

The property is available for Lease and for Sale. For Lease: $4 sq ft per year, NNN (41,000 sq ft). It can be divided a multitude of ways among the For Sale: $1,900,000 (owner financing available) Build-to-Suit is also available! Designed in 1961 by architect, Harry A. “Bo” MacEwen (http://www.macewen.com) The property is ideal for a National Franchise (Starbucks, Cracker Barrel, Panera Bread, TGI Fridays, Outback Steakhouse, LongHorn Steakhouse, Olive Garden, Applebee’s, Chili’s, Red Lobster, The Cheesecake Factory, Ruby Tuesday, McDonald's, Burger King, Pizza Hut, Dunkin' etc.) This property is nestled in the heart of downtown Albany. Located on the corner of S. Washington and Oglethorpe Blvd, this is one of the most unique and arresting structures in Southwest Georgia. Centrally located this property is within walking distance of all Albany's governmental buildings, Turtle Grove Park, The Flint Riverquarium, Petoria Farms Brewery (coming soon!) and has outstanding exposure to the public, with over 32,000 vehicles passing it per day, Oglethorpe Blvd over 29,700 and S. Washington over 2,000 traffic count) Also, the Albany Museum of Art is relocating next door. it is breaking ground on the project in December 2025 It is expected to increase the traffic tremendously. See links: The Albany Museum of Art still plans to move downtown, and it plans to break ground on the project in 2025. https://albanyherald.com/news/albany-museum-of-art-plans-to-break-ground-on-downtown-location-in-2025/ Albany Museum of Art to break ground at downtown location in 2025 https://www.walb.com/2024/12/16/albany-museum-art-breaking-ground-downtown-location-2025/ Property Facts Property Type: Retail Property Sub type: Freestanding Building Size: 41,000 SF Building Class: B Year Built/Renovated: 1961/1995 Tenancy: Multiple Building Height: 3 Stories Building FAR: 0.62 Land Acres: 1.33 AC Zoning: C-2 - Commercial Parking: 52 Spaces (1.27 Spaces per 1,000 SF Leased)