Commercial Real Estate in Albany available for sale
Albany Barndominiums For Sale

Barndominium for Sale in Albany, GA, USA

More details for 128 S Washington St, Albany, GA - Retail for Sale

128 S Washington St

Albany, GA 31701

  • Barndominium
  • Retail for Sale
  • $2,670,070 CAD
  • 41,000 SF
  • Air Conditioning
  • Security System
  • Wheelchair Accessible

Albany Retail for Sale

Owner financing available! The property is also available for Build-to-Suit! The property is ideal for a National Franchise (Cracker Barrel, Starbucks, Panera Bread, TGI Fridays, LongHorn Steakhouse, Olive Garden, Applebee’s, Chili’s, Red Lobster, The Cheesecake Factory, Ruby Tuesday, McDonald's, Burger King, Pizza Hut, Dunkin' etc.) Designed in 1961 by architect, Harry A. “Bo” MacEwen (http://www.macewen.com), this property is nestled in the heart of downtown Albany. Located on the corner of S. Washington and Oglethorpe Blvd, this is one of the most unique and arresting structures in Southwest Georgia. Centrally located this property is within walking distance of all Albany's governmental buildings, Turtle Grove Park, The Flint River aquarium, Pretoria Farms Brewery (coming soon!) and has outstanding exposure to the public, with over 32,000 vehicles passing it per day, Oglethorpe Blvd over 29,700 and S. Washington over 2,000 traffic count) The Downtown Albany Renaissance! A lot of activity and development is happening downtown! The current downtown development projects. Source: The Albany Herald 1 - Harlem Renaissance Project: Mt. Zion Baptist Church has plans for a $34 million development project in the Harlem District on the block of Jefferson/Oglethorpe/Highland. Phase 1 is scheduled to open soon with various medical provider offices. Phase 2/3 will follow with a food hall honoring Carter’s Grill, more offices and new residential housing. The city provided a loan of $2.3 million, and the remainder will come from New Market Tax Credits, grants and equity raised by Mt. Zion. 2 - St. Nicholas Hotel and 1906 Restaurant: Matt Fuller and his team have restored the historic St. Nicholas Hotel and surrounding parcels on Washington Street. It’s a $6.5 million project for 26 rooms, full restaurant and bar, and numerous commercial/retail spaces. The city did not provide any funding. They builder received historic tax credits and raised the rest of the capital privately. A soft opening is underway now with a grand opening celebration happening soon. 3 - Davis Exchange Apartment Project: The tallest building downtown, the Davis Exchange Building, will be restored with one-bedroom and two-bedroom apartments. Also, a new three-story apartment building will be constructed behind the Davis Exchange building on Broad Ave. Total project will be $21 million. The city provided a loan of $1.5 million, and the remainder of funds will come from historic tax credits, state affordable housing tax credits and other private funding. Timing is approximately 1 year. 4 - 4C on Front Project: 115 and 121 Front Street properties are being renovated for $1.6 million to become a retail store for the Commodore Conyers College and Career Academy. Students will sell a variety of products and agriculture produce. They also will have a trendy Boba Tea shop. The state of Georgia will open its second Georgia Grown Innovation Center in the state that will be located in the space next door to 4C Academy. 5 - Albany Museum of Art Project: The AMA is moving from its Gillionville Road location to the old Belk Building downtown. Design work is complete, and LRA has been chosen as the General Contractor. The city and the county have provided approximately $7 million in SPLOST funding. AMA hopes to receive historic tax credits and has a capital fundraising effort underway. Total project will be $35 million and could be completed in one to two years. 6 - ADICA Renovated Properties: 108, 132 and 138 Pine Ave properties have been stabilized all with new roofs, significant structural repairs, asbestos remediation and generally getting them ready for a potential developer. All three of these properties were safety hazards with roofs caving in and significant water intrusion. Work should be completed in two months. Projects funded and in conceptual design: 7 - Mule Barn: The old (Holman) Mule Barn was under a 20-year lease agreement with the Hilton Hotel for a possible second hotel or parking garage. That lease has ended, and the city has hired an architectural firm to stabilize the building with a new roof, structural repairs and restoring the front. This building is right next to the planned Albany Museum of Art location and would be a great event center. 8 - Albany Theater: For decades the old Albany Theater and arcade have sat in disrepair and have been deteriorating quickly. A fire occurred about 10 years ago and destroyed most of the roof. Recently, it was discovered that the soil under the old theater is contaminated. For lack of a better word … ”It’s a hot mess”. The city has hired architectural and structural engineering firms to start selective demolition and structural repairs. The concrete will need to stay intact to “encapsulate” the contaminated soil. 9 - Ritz Theater: An architect has been hired to restore the historic Ritz Theater. It has sat in disrepair for many years and will be restored back to its former state. The city has received several grants for this project. Total cost will be in the $4 million range. In summary, $100 million in projects are under construction. Another $10 million in projects in just in the conceptual phase. Easily another $100 million in potential projects are navigating the capital financing process. Also, the Albany Museum of Art is relocating next door. It is expected to increase the traffic in downtown Albany tremendously. Property Facts Property Type: Retail Property Subtype: Freestanding Building Size: 44,679 SF Building Class: B Year Built/Renovated: 1961/1995 Tenancy: Multiple Building Height: 3 Stories Building FAR: 0.62 Land Acres: 1.33 AC Zoning: C-2 - Commercial Parking: 42 Spaces (1.18 Spaces per 1,000 SF Leased) Year Built: 1961 Year Renovated: 1995

Contact:

GR Realty

Property Subtype:

Freestanding

Date on Market:

2023-08-04
Hide
See More
1-1 of 1
  2. 1
United States Barndominiums Georgia Albany

Barndominiums For Sale

Barndominiums

What is a barndominium?

A barndominium is a type of structure that combines features of a barn and a living area. It is typically a metal building with a large open space on the ground floor that can be used for parking, a workshop, or storage, and with one or more residential units on the upper floors.

  1. Barndominiums are a great investment opportunity because they offer a unique mix of residential and commercial space. This makes them appealing to a wide range of buyers, from individual homeowners to investors.
  2. Barndominiums are becoming increasingly popular, so now is the perfect time to invest in one. As more and more people learn about them, the demand for these properties will continue to grow.
  3. Barndominiums are typically less expensive to build than traditional homes, so they can offer a great return on investment.
  4. Barndominiums are a great way to diversify your real estate portfolio. They offer both residential and commercial space, making them a versatile investment option.

Is building a Barndominium a good investment?

Building a barndominium can be a great investment. These properties offer a unique mix of residential and commercial space, making them appealing to a wide range of buyers. Additionally, barndominiums are typically less expensive to build than traditional homes, so they can offer a great return on investment and also can have a lower barrier to entry for those looking to invest in residential commercial mixed use spaces. These structures are also built to be durable and last for a long time, so they can provide a lasting source of income with less repair work than a traditional stick home.

Is buying a Barndominium a good investment?

Yes, buying a barndominium can be a great investment. These properties offer a unique mix of residential and commercial space, making them appealing to a wide range of buyers. Barndominiums are also more environmentally friendly than traditional housing, and they're generally less expensive to construct. Finally, barndominiums are a fantastic way to diversify your real estate portfolio. They're an investment that's as adaptable as the people who use it.

Is a Barndominium cheaper than a house to build?

Barndominiums are often cheaper to build than traditional homes. There are a few reasons why barndominiums tend to be less expensive than traditional homes. First, they're typically made with metal, which is a less expensive building material than wood. Additionally, barndominiums don't require as much foundation work as traditional homes, so they can be even more cost-effective to construct. Barndomiums can also be sold in ready to build kits, which can further reduce the cost of construction. Finally, because they offer a unique mix of residential and commercial space, barndominiums can be appealing to a wide range of buyers, which can help in the sales process.

What are the advantages of a barndominium?

There are a number of advantages to living in a barn style home. They are typically much cheaper to build than traditional homes, and because they are metal buildings, they are very durable and can withstand severe weather conditions. They are also often larger than traditional homes, which can be a plus if you need lots of space. They often have a large multi-purpose area which can be used for parking, storage, or a workshop, and they can offer a great return on investment. Finally, because they are becoming increasingly popular, barndominiums can be a great way to diversify your real estate portfolio.

So, if you're looking for an affordable, durable, and spacious home, a barndominium may be the perfect choice for you to invest in.

Looking to lease a Barndominium? View Barndominiums for lease