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Multi-Suite Office Building

507 Third Avenue, Albany, GA 31701

For Sale
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A brick office property offers 10 suites, on-site parking, and established medical and professional occupants.

Property Size15,490 SF
Lot Size1.32 Acres
Price / SF$77.15
Days on Market16

Property Features for 507 Third Avenue

General Information

Standard status Active
Size 15,490 SF
Lot size 1.32 Acres
Property subtype Land

Additional Details

Office Units 10
Tenant in Place Yes
Property Use Office

Building Details

Building Size 15,490 SF
Construction brick
Tenancy Multi
Listing Agency: Hughey & Neuman, Inc
Listed By: Callie Walker · License GA #335543
Source: Crexi
Added: Oct 26 Changed: Nov 8 Last Checked: Nov 8 at 4:31PM

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 Hughey & Neuman, Inc

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Investment Insights

Based on property information with market context.

This 15,490-square-foot office property occupies approximately 1.32 acres and is arranged as 10 individual suites. The all-brick building has on-site parking and is occupied by medical groups, professional office users, and ambulatory services. Its existing suite configuration accommodates multiple occupants, with professional and medical uses represented among the current tenants.

The property is within walking distance of Phoebe Putney Memorial Hospital in Albany, Georgia. Its location near the hospital and its mix of medical and professional occupants connect the building to the surrounding healthcare community.

Key Highlights

  • 15,490 square feet of office space on approximately 1.32 acres
  • Configured as 10 individual suites
  • Brick construction with on‑site parking

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Woods James D ... Medical Laboratory South Central Pediatrics: ... Pediatrician Regional Medical Group Medical Clinic Dr. Franco Physician Brian L. Jackson ... Law Firm

Suggested Use

Top Pick Restaurant Parking Lot & Garage Storage Facility Real Estate Agency (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

Demographics for 31701, GA

18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - A brick office property offers 10 suites, on-site parking, and established medical and professional occupants.
Where is this office building located?
The property is located at 507 Third Avenue Albany, GA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 15,490 square feet of office space on approximately 1.32 acres; Configured as 10 individual suites; Brick construction with on‑site parking
(229) 344-5261 Call to check price and availability
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