414-416 5Th Ave Albany, GA 31701
- Commercial real estate
- 8,916 SF
- 1.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 414-416 5Th Ave
- Year built
- 1983
- Lot size
- 1.28 lot acres
- Property size
- 8,916 SF
- Property type
- Commercial real estate
Description
This exceptional 8,916 square foot medical office building, situated on a 1.28-acre lot at 414-416 Fifth Avenue in Albany, Georgia, presents a compelling investment opportunity. Located directly adjacent to Phoebe Putney Memorial Hospital and its recently completed, over $100 million expansion encompassing new emergency room, NICU, and ICU facilities, this property offers unparalleled convenience and accessibility. The building itself boasts recent updates and a 2019 addition, ensuring modern functionality and efficiency. The current tenant, a long-established OB-GYN practice, may require a leaseback period of 9-12 months or alternative closing arrangements. This presents a unique opportunity for a buyer to acquire a high-quality, well-located asset at a significantly reduced price compared to the cost of new construction. The property's prime location, coupled with its proximity to a major medical center and its recent improvements, makes it an ideal investment for those seeking a stable, high-demand medical office space. The asking price is $975,000. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.158
- Latitude
- 31.5926
