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    Spanish Ct Albany, GA 31707

    Sponsored
    For Sale
    $475,000

    0.73-Acre C-2 Zoned Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.73-acre commercial lot, located at 0 Spanish Ct., Lot #8 in Albany, Georgia (zip code 31707), presents a unique investment opportunity. Zoned C-2, this property offers flexible usage potential, ideal for fast food establishments or single-tenant applications. Its strategic location near the Albany Mall and numerous national retailers provides excellent visibility and accessibility. The site benefits from its proximity to a planned 150+ acre mixed-use development, potentially including retail, residential, and restaurant components, further enhancing its long-term value. The thriving Albany market, experiencing significant growth with new residential communities and infrastructure improvements, ensures a strong potential for return on investment. With over 100,000 residents within a 20-minute drive, this property offers access to a substantial consumer base. The asking price is $475,000. Dougherty County location provides additional advantages. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly expanding market.

    Property Features for 0 Spanish Ct

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • 0.73‑acre parcel.
    • C‑2 zoning allows for diverse uses.
    • Excellent location near Albany Mall and major national retailers.
    • Situated opposite a planned 150+ acre mixed‑use development.
    • High population density: over 100,000 residents within a 20‑minute drive.
    • Strong performing submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1962563
    Latitude
    31.5766377

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    FAQs

    What type of property is this?
    Land - 0.73-Acre C-2 Zoned Lot
    Where is this land located?
    The property is located at Spanish Ct Albany, GA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 0.73-acre parcel.; C-2 zoning allows for diverse uses.; Excellent location near Albany Mall and major national retailers.
    (404) 876-1640
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    Spanish Ct 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
    Spanish Ct Albany, GA 31707
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