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Albany Assemblage | Mixed-Use Redevelopment Opportunity | Riverfront District | ±75,891 SF

101-135 West Broad Avenue
Albany, GA 31707
PRICE : $2,600,000
PROPERTY TYPE: Retail
SITE SIZE: 2.36 Acres
BUILDING SIZE: 75,891 SF

Highlights

  • ± 75,891 SF assemblage made up of 12 buildings in Downtown Albany
  • Situated on ± 2.36 acres
  • Flexible zoning permits retail, tourism, residential and commercial use
  • Built in 1900-1930
  • Included: The Davis-Exchange Building, six floors with 2 elevators and a mezzanine level and is listed on the National Register of Historic Places (#84000981)
  • Located in Qualified Opportunity Zone
  • Street parking and parking lot
  • Potential tax incentives are available
  • Located in Downtown Albany

Description

Unique river-front assemblage redevelopment opportunity of 12 historic retail properties situated on ± 2.36 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.

The assemblage includes The Davis-Exchange Bank Building, located on 100-102 N. Washington Street and is listed on the National Register of Historic Places (#84000981). This 1920 historic building was designed by the award-winning J. Edwin R. Carpenter, who is known for his apartment buildings gracing New York City’s Fifth and Park Avenues. The Davis-Exchange Bank Building stands 85’ above the city and consist of six stories, making it the tallest building in Albany, Georgia.

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.

The assemblage currently has three tenants and is located in a Qualified Opportunity Zone.

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