2807 Meredyth Dr Albany, GA 31707-2290
This exceptional commercial property, located at 2807 Meredyth Drive in Albany, Georgia, presents a unique investment opportunity. Situated on a 1.71-acre lot, this 8,738 square foot building boasts a prime location adjacent to Phoebe Putney Meredyth Campus and enjoys close proximity to a variety of amenities including banks, retail shops, professional offices, and restaurants. Originally constructed in 2000, the property has served as a successful restaurant and event venue. The building features a striking exterior of concrete panel and ribbed metal walls, capped with an oval metal roof and supported by a concrete slab foundation. Ample parking is provided with 91 spaces. The property's impressive frontage on Meredyth Drive exceeds 50 feet. Exterior features include a 413 square foot front porch canopy, a rear covered walkway, an east side canopy, and a convenient loading area at dock height. The interior layout is well-designed and includes a main dining area, a raised dining area, a saloon-bar, two customer handicap-accessible restrooms, an office with an adjacent handicap-accessible restroom, employee locker and restroom areas, a large custom kitchen equipped with two building coolers, three smaller private dining rooms, an exterior patio dining area, and a dedicated food storage room. The property is zoned C-2 for commercial use and offers significant potential for a variety of businesses. The electrical room and other essential infrastructure are also included.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Albany, GAAlbany. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.