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    2807 Meredyth Dr Albany, GA 31707

    For Sale
    $850,000

    Spacious Restaurant/Event Space, 8,738 sq ft

    Property size:
    8,738 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 2807 Meredyth Drive in Albany, Georgia, presents a unique investment opportunity. Situated on a 1.71-acre lot, this 8,738 square foot building boasts a prime location adjacent to Phoebe Putney Meredyth Campus and enjoys close proximity to a variety of amenities including banks, retail shops, professional offices, and restaurants. Originally constructed in 2000, the property has served as a successful restaurant and event venue. The building features a striking exterior of concrete panel and ribbed metal walls, capped with an oval metal roof and supported by a concrete slab foundation. Ample parking is provided with 91 spaces. The property's impressive frontage on Meredyth Drive exceeds 50 feet. Exterior features include a 413 square foot front porch canopy, a rear covered walkway, an east side canopy, and a convenient loading area at dock height. The interior layout is well-designed and includes a main dining area, a raised dining area, a saloon-bar, two customer handicap-accessible restrooms, an office with an adjacent handicap-accessible restroom, employee locker and restroom areas, a large custom kitchen equipped with two building coolers, three smaller private dining rooms, an exterior patio dining area, and a dedicated food storage room. The property is zoned C-2 for commercial use and offers significant potential for a variety of businesses. The electrical room and other essential infrastructure are also included.

    Property Features for 2807 Meredyth Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,738 SF
    Lot Size
    74,488 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -84.21927
    Latitude
    31.61028

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Restaurant/Event Space, 8,738 sq ft
    Where is this commercial real estate located?
    The property is located at 2807 Meredyth Dr Albany, GA.
    What is the asking price?
    The asking price for this property is $850,000.
    (229) 436-0212
    Request Owner's contact information
    2807 Meredyth Dr Albany, GA 31707
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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
    2807 Meredyth Dr Albany, GA 31707
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