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    Albany Commercial Strip For Sale Title is generated by Realmo AI

    2820 Meredyth Dr, Albany, GA 31707

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    Claim this Listing
    For Sale
    $1,200,000

    COMMERCIAL - Albany, GA

    Property size:
    10,428 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $115/SF
    Added:
    Jan 13, 2026
    Days on Market:
    165
    Last Refresh:
    Jun 27 at 5:06 pm

    Property Features for 2820 Meredyth Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    04-2/00000/121
    Size
    10,428 SF
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PARCEL 1B OF CROSS ESTATES S/D
    Tax Annual Amount
    17936

    Building Details

    Year built
    1999
    Floors in Building
    1
    Number of units
    6

    We can help!

    Contact an agent
    Vickie Giles-Griffin

    Listing agent Vickie Giles-Griffin

    Listing office RE/MAX OF ALBANY 1819 Dawson Road, Albany, GA

    Listing date Jan 13, 2026

    MLS# 167383

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High traffic location: Over 20,000 vehicles pass daily.
    • Prime commercial strip with established tenant (Woods Gallery).
    • Two units available for lease, providing immediate income potential.
    • Lease includes insurance and taxes ($3500.00).
    • Excellent exposure on Westover Road and Meredyth Drive.
    • Located across from Northwest Post Office and near new construction.

    Overview

    This commercial strip, anchored by Woods Gallery since its construction, presents an opportunity to expand your portfolio. The property features two units available for lease at $3,500.00, inclusive of insurance and taxes. A restaurant occupies two units within the strip. The location offers significant exposure to Westover Road and Meredyth Drive, situated across from the Northwest Post Office. New construction is underway in front of the property, with additional lots available for sale. The paved parking area accommodates over 37 spaces. The location benefits from high daily traffic, with over 20,000 vehicles passing by. The property is located in Albany, Georgia.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $125.1k $12.00
    − Vacancy −$13.1k −$1.26
    EGI $112.0k $10.74
    − OpEx −$33.6k −$3.22
    NOI $78.4k $7.52
    10,428 SF · lease $12.00/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.12M
    $980.0K – $1.31M (±1% cap)
    NOI $78,398 @ 7.0% cap · market cap 6.53%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.05M
    $1.80M – $2.39M (±1% cap)
    NOI $143,656 @ 7.0% cap · market cap 11.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brother's NY Style ... Restaurant Woods Gallery (Bike/Boat/Book/etc) Store Charley B's Sport ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.2214528
    Latitude
    31.6103286

    FAQs

    What type of property is this?
    Strip mall - Prime commercial strip with leasing opportunities and high traffic exposure.
    Where is this strip mall located?
    The property is located at 2820 Meredyth Dr Albany, GA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High traffic location: Over 20,000 vehicles pass daily.; Prime commercial strip with established tenant (Woods Gallery).; Two units available for lease, providing immediate income potential.
    More about this property
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