414-416 5Th Ave Albany, GA 31701
- Office Properties & Spaces
- 8,916 SF
- 1.29 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 414-416 5Th Ave
- Year built
- 1983
- Lot size
- 1.29 lot acres
- Property size
- 8,916 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A, 8,916 sq ft executive office building in Albany, GA, presents a compelling sale-leaseback opportunity. Located at 414-416 Fifth Ave, this single-tenant property boasts a 100% occupancy rate with a long-term OB-GYN practice currently leasing the space. The building, constructed in 1983 and expanded in 2019, sits on a 1.29-acre lot (APN: 0000F/00020/016 & 017) and offers unparalleled convenience due to its proximity to Phoebe Putney Memorial Hospital and its recent multi-million dollar expansion. The leaseback option provides a guaranteed income stream of $8,000 per month (NNN) for up to three years, yielding an attractive cap rate of 8%. The asking price is $1,175,000, translating to $131.79 per square foot. This investment presents a rare opportunity to acquire a high-performing asset in a prime medical location with significant growth potential. The property features one story and is situated in Dougherty County, GA, zip code 31701. This is a turnkey investment ideal for discerning buyers seeking strong returns and long-term stability.
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
