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Mixed-Use Redevelopment Opportunity | Riverfront District | Downtown Albany | ±1.93 Acres

101-135 W Broad Avenue & 103-113 N Front Street
Albany, GA 31707
PRICE : $1,500,000
PROPERTY TYPE: Retail
SITE SIZE: 1.93 Acres
BUILDING SIZE: 34,891 SF
YEAR BUILT: 1930

Highlights

  • ± 34,891 SF assemblage made up of 10 buildings in Downtown Albany
  • Flexible C-3 zoning permits retail, tourism, residential and commercial use
  • Built in 1900-1930
  • Located in Qualified Opportunity Zone
  • Street parking and parking lot
  • Located across the street from the Albany Welcome Center and Flint River
  • Potential to qualify for substantial tax credits (renovation/redevelopment)

Description

Unique river-front assemblage redevelopment opportunity of 10 historic single-story retail properties situated on 1.93 acres. The assemblage is located in the heart of The RiverFront District in Downtown Albany, in the center of the city’s progressive redevelopment track with a wide range of new and future developments revitalizing the area.

This assemblage is an excellent renovation/redevelopment opportunity ideal for class “A” offices, multifamily developments, retail shops and restaurants. It is close to Albany State University, the Flint RiverQuarium, government offices and businesses. Developments adjacent to the assemblage include a $10 million renovation of the future Albany Museum of Art, scheduled to open 2021, and a pending new hotel redevelopment for the historic Davis Exchange Building.

The assemblage currently has one tenant and is located in a Qualified Opportunity Zone.

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