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    701 18Th Ave Albany, GA 31701

    For Sale
    $595,000

    Prime Albany development land, multi-family zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 17.5-acre property, located at 701 18th Ave in Albany, Georgia (zip code 31701), presents a unique opportunity for multi-family development. Zoned R2, this expansive parcel offers significant potential for a substantial residential project. The land comprises three combined lots, providing flexibility in design and construction. A key advantage is the presence of a neighboring pond, adding aesthetic appeal and potential amenity value to any future development. The property also boasts a good source of timber, offering additional value or potential revenue streams. Strategically situated near the intersection of US Highway 19 and Highway 82, this location provides excellent access to major transportation routes. Its proximity to Albany's industrial district ensures a strong workforce pool, while the abundance of restaurants and gas stations along nearby N. Slappey Blvd. offers convenience for residents. All utilities are available, simplifying the development process. The asking price for this remarkable opportunity is $595,000. This is an exceptional investment prospect for developers seeking a prime location with significant development potential in a thriving area. Dougherty County location.

    Property Features for 701 18Th Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    762,300 SF

    HighLights

    • 17.5‑acre multi‑family development site in Albany, GA (31701), zoned R2.
    • Three combined lots offer design flexibility.
    • Neighboring pond provides aesthetic appeal and amenity potential.
    • Good timber resource offers additional value.
    • Excellent access to US Hwy 19 & Hwy 82.
    • Proximity to Albany's industrial district and N. Slappey Blvd. amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.172005664206
    Latitude
    31.611643275893

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    FAQs

    What type of property is this?
    Multifamily property - Prime Albany development land, multi-family zoning.
    Where is this multifamily property located?
    The property is located at 701 18Th Ave Albany, GA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 17.5-acre multi-family development site in Albany, GA (31701), zoned R2.; Three combined lots offer design flexibility.; Neighboring pond provides aesthetic appeal and amenity potential.
    Request Owner's contact information
    701 18Th Ave Albany, GA 31701
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    Albany, GA 31701
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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
    701 18Th Ave Albany, GA 31701
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