Convenience Store
For Sale
$400,000
707 W Highland Ave, Albany, GA 31701
The single-story property includes on-site parking and C3 zoning for food-store use.
Property Size4,151 SF
Price / SF$96.36
Days on Market10
Property Features for 707 W Highland Ave
General Information
Standard status
Active
Size
4,151 SF
Property subtype
Commercial
Building Details
Year Built
1952
Listing Agency:
Market South Properties Inc.
Listed By:
Israt Liju
(678) 704-1279
Source:
Atlantagahomesearch
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 9 at 8:04PM
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 Market South Properties Inc.
Investment Insights
Based on property information with market context.
This single-story grocery and convenience-store building contains approximately 4,151 square feet on a 0.81-acre lot. Built in 1952, it has been operated as a convenience and grocery store.
The property offers approximately 165 feet of frontage along W Highland Avenue, with about 13 parking spaces. C3 zoning supports food-store use.
The property offers approximately 165 feet of frontage along W Highland Avenue, with about 13 parking spaces. C3 zoning supports food-store use.
Key Highlights
- 4,151‑square‑foot single‑story grocery and convenience‑store building
- 0.81‑acre lot
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,207
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,140
$624.1K
Cap Rate 7%
$445,814
$445.8K
Cap Rate 9%
$346,744
$346.7K
Market Conditions
NOI Build-Up for 4,151 SF
Gross rent
$49.8K $12.00/SF
− Vacancy
−$5.2K −$1.26/SF
EGI
$44.6K $10.74/SF
− OpEx
−$13.4K −$3.22/SF
NOI
$31.2K $7.52/SF
Area
Dougherty County, GA
Vacancy
10.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,140
Cap Rate 7%
$445,814
Cap Rate 9%
$346,744
Alternative Uses
Best Use
Retail
$445.8K
$390.1K – $520.1K
NOI $31,207 @ 7.0% cap · market cap 7.80%
Second Best
Specialty Retail
$422.8K
$370.0K – $493.3K
NOI $29,596 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 22%
Hotels & Casinos 10%
Krystal
Dining
6,903 visits/mo
0.2 miles
U-Haul
Shops & Services
2,262 visits/mo
0.2 miles
Days Inn Albany-Oglethorpe Blvd.
Hotels & Casinos
1,014 visits/mo
0.5 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- International Food Mart — 500 S Jefferson St, Albany, GA 31701
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The single-story property includes on-site parking and C3 zoning for food-store use.
Where is this grocery and convenience store located?
The property is located at 707 W Highland Ave Albany, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4,151‑square‑foot single‑story grocery and convenience‑store building; 0.81‑acre lot; Built in 1952
