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    FOR LEASE
    Community centers

    2800 Old Dawson Rd, Albany, GA 31707

    88,144 SF 12.47 ac lot Built 1983
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US22-3604952
    Property summary
    AI-generated overview

    Cross Station Shopping Center, a thriving retail property in Dougherty County, offers exceptional leasing opportunities. This multi-tenant shopping center boasts a total of 166,286 square feet of retail space, with 34,224 square feet currently vacant and available for lease. Spaces range from a minimum of 1,250 square feet to a maximum contiguous space of 20,959 square feet, providing flexibility for businesses of various sizes. The center features a convenient and ample parking area with 586 spaces, ensuring easy access for customers and employees. Its classification as a shopping center indicates a strong potential for attracting a diverse range of clientele. The property's location in Dougherty County offers access to a significant consumer base and benefits from established infrastructure and local amenities. This is an ideal opportunity for businesses seeking high-visibility retail space in a well-established shopping center with significant foot traffic. The available space presents a unique chance to establish or expand a retail presence in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability for the vacant 34,224 square feet. The property's size and layout offer significant potential for a variety of retail uses.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1983
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 88,144 SF
    Lot 12.47 ac (543,193 SF)
    Zoning code C2
    APN 040-2/00000/023
    UPID US22-3604952
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
    • bealls Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    • Bealls Outlet - Cross Station Shop Center Discount Store Clothing & Fashion Store
    • Nails 2 Nail Salon
    • The UPS Store Courier Service Postal Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $8.93M
    CAP Approach CAP
    $9.67M
    Comparable Approach Comparable
    $5.96M
    Blend (final) Blend
    $9.15M
    Owner & transaction history
    Cross Station LLC · 4 yrs held
    Cross Station LLC
    since 2021
    Last sale
    $9.0M
    1 recorded transaction
    2021
    $9.0M
    Zoning & alternative use
    C2 · Albany, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $8.1M +18.1%
    Commercial (general) $8.0M +16.1%
    Retail stores $7.1M +2.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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