Strip Mall with Restaurant
2820 Meredyth Dr Albany, GA 31707
2820 Meredyth Dr, Albany, GA, 31707
$1,200,000
For Sale
$1,200,000
Strip mall offers two available units, including restaurant space, with paved parking and strong road exposure.
Property Size10,428 SF
Price / SF$115.07
Days on Market240
Property Features for 2820 Meredyth Dr
General Information
- Standard status
- Active
- Size
- 10,428 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1999
Listing agency
RE/MAX OF ALBANY
(229) 894-2424
Listed by
Vickie Giles-Griffin
(229) 894-2424
Source
Xome
Added: Nov 25, 2025 Updated: Jul 22 at 7:10PM Checked: Jul 22 at 7:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX OF ALBANY
Investment Insights
Based on property information with market context.
This strip mall at 2820 Meredyth Dr, Albany, GA 31707 contains multiple storefront units, with 2 units currently available to lease. A restaurant is located in 2 of the units within the center.
The property provides paved parking with 37+ spaces. Public remarks note lots of exposure to Westover Road and Meredyth Drive, with the location described as across from the Northwest Post Office. Traffic counts cited in the remarks indicate over 20,000 vehicles pass the spot daily, supporting visibility for retail and service uses.
The property provides paved parking with 37+ spaces. Public remarks note lots of exposure to Westover Road and Meredyth Drive, with the location described as across from the Northwest Post Office. Traffic counts cited in the remarks indicate over 20,000 vehicles pass the spot daily, supporting visibility for retail and service uses.
Key Highlights
- Commercial corner lot on a paved road with zoning listed as Commercial
- Built in 1999; woods gallery has been operating since the property was built
- Strip mall with 2 units available to lease, including restaurant space in 2 units
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
NOI $78,398 @ 7.0% cap · market cap 6.53%
Second Best
Specialty Retail
$1.06M
$929.4K – $1.24M
NOI $74,350 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,656 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Strip mall offers two available units, including restaurant space, with paved parking and strong road 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: Commercial corner lot on a paved road with zoning listed as Commercial; Built in 1999; woods gallery has been operating since the property was built; Strip mall with 2 units available to lease, including restaurant space in 2 units
