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    129 Philema Rd Albany, GA 31701

    For Sale
    $450,000

    Prime 0.97-acre commercial lot in Albany, GA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.97-acre commercial land parcel presents a remarkable investment opportunity in Albany, Georgia. Located at 129-4 Philema Road, this property boasts prominent road frontage on all four sides, including a median cut to Philema Road, ensuring high visibility and accessibility. Situated within a larger 25-acre development tract at the intersection of Philema Road and North Jefferson Street, this outparcel benefits from a strategic location ideal for retail or quick-service restaurant establishments. The high traffic count exceeding 14,000 vehicles per day guarantees significant exposure to potential customers. This property, part of tax parcel 137/1/19 (taxes shown are estimates), offers unparalleled potential for businesses seeking a high-traffic, easily accessible location. Additional outparcels within the larger tract are also available for those seeking larger development opportunities. The permitted zoning is classified as "Other," and interested parties should conduct their own due diligence to confirm suitability for their intended use. This is a rare opportunity to acquire a highly visible and well-positioned commercial lot in a thriving area of Albany. Don't miss out on this chance to secure a prime piece of real estate in a high-growth market.

    Property Features for 129 Philema Rd

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • $450,000 asking price.
    • 0.97‑acre commercial land parcel.
    • Located at 129‑4 Philema Rd, Albany, GA 31701 (APN 00137/00001/019).
    • Road frontage on all four sides with median cut to Philema Road.
    • Ideal for retail or quick‑service restaurant; over 14,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Building Supply Gym & Fitness Auto Repair Shop Accounting Firm Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.154072
    Latitude
    31.611139

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    FAQs

    What type of property is this?
    Land - Prime 0.97-acre commercial lot in Albany, GA
    Where is this land located?
    The property is located at 129 Philema Rd Albany, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 0.97-acre commercial land parcel.; Located at 129-4 Philema Rd, Albany, GA 31701 (APN 00137/00001/019).
    Request Owner's contact information
    129 Philema Rd 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
    129 Philema Rd Albany, GA 31701
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