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2807 Meredyth Dr Albany, GA 31707-2290

OFF-MARKET Turn key restaurants Google Maps
8,693 SF 1.71 ac lot Built 2000
Entity Owned 15-yr Hold Free & Clear
Estimated value (blended)
$380k
Range $342k – $418k (±10%)
Property ID US22-3741493

Property summary

AI-generated overview

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 profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Construction STEEL FRAME
Total area 8,693 SF
Lot 1.71 ac (74,488 SF)
Zoning code C2
APN 040-2/00000/38F
UPID US22-3741493

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$745k
Blend (final) Blend
$380k

Owner & transaction history

since 2010
1 recorded transaction
2010
$1.1M

Zoning & alternative use

C2 · Albany, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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