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    129 Philema Rd Albany, GA 31701

    For Sale
    $3,360,000

    Prime Albany development land, excellent access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 25.37-acre commercial land parcel presents a remarkable investment opportunity in Albany, Georgia. Strategically located at the northeast corner of Philema Road and N. Jefferson Street, this property boasts unparalleled accessibility. Its proximity to the Liberty Expressway on-ramp ensures high visibility and convenient access for potential businesses and residents. The site offers numerous development possibilities, including the creation of outparcels to complement a larger development project. The current owners are open to considering the division of the site to accommodate various development plans. Existing entrance drives on both Philema Road and N. Jefferson Street are already in place, simplifying the development process and reducing initial infrastructure costs. The property's APN is 00137/00001/019, and it's situated in Dougherty County, Georgia, with a zip code of 31701. The asking price for this expansive tract is $3,360,000. This is a rare chance to acquire a significant piece of commercial real estate in a thriving Georgia market with exceptional potential for future growth and return on investment. Don't miss this opportunity to secure a prime location for your next development project.

    Property Features for 129 Philema Rd

    General Information

    Property type
    Land
    Lot Size
    1,105,117 SF

    HighLights

    • $3,360,000 asking price.
    • 25.37‑acre commercial land parcel.
    • Located at 129 Philema Rd, Albany, GA 31701 (APN: 00137/00001/019).
    • Northeast corner of Philema Rd and N. Jefferson St, across from Liberty Expressway on‑ramp.
    • Offers multiple development options, including outparcels; owner will consider site division.
    • Existing entrance drives on Philema Rd and N. Jefferson St.
    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 Albany development land, excellent access.
    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 $3,360,000.
    What are key features of this property?
    This property features: $3,360,000 asking price.; 25.37-acre commercial land parcel.; Located at 129 Philema Rd, Albany, GA 31701 (APN: 00137/00001/019).
    Request Owner's contact information
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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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