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    400 Philema Rd S Albany, GA 31701

    For Sale
    $349,000

    Unimproved Commercial Land - Albany, GA

    Lot size:
    5.01 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 400 Philema Rd S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Other
    APN
    00137/00001/25b
    Interior features
    Other
    Lot size
    5.01 Acres

    Building Details

    Architectural style
    Other

    The Brokerage Real Estate Co (229) 376-8917 [email protected]

    Listing agent Lisa Davis (229) 376-8917

    Listing date Sep 9, 2025

    MLS# 164458 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land Development Opportunity

    This commercial property, situated on Hwy 91/Philema Rd S, presents development opportunities within a growing area. The location, between the Flint River and Muckalee Creek and near Cox's Boat Landing, Chehaw Park, and Flint River Golf Course, is suitable for multi-family housing, a retail strip, condos, or mixed-use development. New apartments are already established across the road. The site benefits from high visibility and is positioned for investors aiming to capitalize on the area's commercial and residential demand. The property is located minutes from downtown Albany, Leesburg, Hwy 300 (leading to Lake Blackshear), and I-75, providing accessibility and marketability. The property consists of three parcels totaling just over 5.01 acres, and the seller is willing to separate them. The location benefits from a high-traffic corridor with a daily traffic count of 13,000. It also offers direct access to key amenities and recreational hotspots. The property is located in Albany, GA 31701.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.145353
    Latitude
    31.611326

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for development in a high-traffic location.
    Where is this commercial land located?
    The property is located at 400 Philema Rd S Albany, GA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 91/Philema Rd S with 13,000 daily traffic count; - Over 5 acres of land suitable for various development types; - Located in a rapidly growing area with new apartments already thriving nearby
    (229) 376-8917
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    400 Philema Rd S Albany, GA 31701
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    Albany, GA 31701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Philema Rd S Albany, GA 31701
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