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518 W Roosevelt Ave 38,550 SF Industrial Building Albany, GA 31701 $3,200,000 ($83.01/SF) 8.44% Cap Rate
Investment Highlights
- Absolute NNN Lease - No Landlord Responsibility
- Bay spacing 25' x 50' and 30' x 50'
- Office Electrical has two 400 amp panels; Warehouse has one 600
- Access to major transportation routes
Executive Summary
Located in the heart of Albany, GA, the property enjoys proximity to key industrial and manufacturing hubs, making it an ideal investment opportunity. The area is renowned for its strategic logistical advantages, vibrant business environment, and robust infrastructure, including access to major transportation routes. Nearby points of interest include the Albany-Dougherty Economic Development Commission, the Procter & Gamble Manufacturing Plant, and the Coats & Clark Industrial Facility, offering a clear reflection of the area's industrial significance. With its favorable business climate and strong industrial presence, the location is primed for growth, making it an enticing proposition for industrial and manufacturing investors.
Property Facts
| Price | $3,200,000 | No. Stories | 1 |
| Price Per SF | $83.01 | Year Built/Renovated | 1952/1986 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 8.44% | Parking Ratio | 0.65/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 2.16 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 38,550 SF | ||
| Zoning | C-2 - General Mixed Use; Business | ||
| Price | $3,200,000 |
| Price Per SF | $83.01 |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.16 AC |
| Rentable Building Area | 38,550 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1952/1986 |
| Tenancy | Single |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | C-2 - General Mixed Use; Business |
Amenities
- Fenced Lot
- Signage
- Wheelchair Accessible
- Yard
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 000AA-00002-026 | Improvements Assessment | $427,800 |
| Land Assessment | $44,960 | Total Assessment | $472,760 |
Property Taxes
Parcel Number
000AA-00002-026
Land Assessment
$44,960
Improvements Assessment
$427,800
Total Assessment
$472,760
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518 W Roosevelt Ave
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