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Debbie Kirkland

[email protected] +1(850) 212-0440

$ 749,900

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505 Slappey Blvd Albany, GA 31707

9,376 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Improved Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,376 sqft

Price per Sqft $79

MLS Listing ID 168872

HOA Y/N Yes

Year Built 1950

Annual Tax Amount $2,367

Tax Year 2025

Lot Size 1.110 Acres

Property Sub-Type Improved Commercial

Property Description

Position your portfolio with a high-performing asset. $6,715 / month in income. 9 units. 100% occupied- this is the kind of stabilized investment that delivers from day one! Strategically placed along one of Albany's most highly trafficked commercial corridors, 505, 507, and 511 S Slappey Blvd present a rare opportunity to acquire a fully leased, income-producing asset with immediate cash flow and measurable upside. This offering consists of three contiguous parcels totaling 9,376 sqft. situated on approximately 1.1 acres, delivering strong in-place revenue supported by a diversified tenant base and prime positioning. Anchored by a well-balanced mix of service, retail, and experiential tenants, including a barber shop, formal event center, BBQ restaurant, photography studio, party supply retailer, non-profit organization, hair salon, and professional office users. This diversification enhances income stability and minimizes vacancy risk, while the property's long-standing history of high occupancy underscores its consistent performance. Located along South Slappey Boulevard, the property offers approximately 265 ft. of road frontage and benefits from an estimated 19,100 vehicles per day, providing exceptional visibility and accessibility. Its proximity to Phoebe Putney Memorial Hospital, Southwest Georgia Regional Airport, and Downtown Albany further strengthens tenant demand and long-term investment fundamentals. In addition to its current performance, the property offers compelling value-add opportunities. The far-left unit is positioned for a potential drive-thru conversion, creating the opportunity to increase rents and attract national or high-volume tenants. The adjacent land provides flexibility for expansion, additional units, or supplemental income through food truck leasing, parking, or event-based use- allowing investors to increase revenue without taking on initial lease-up risk. Situated within a designated Opportunity Zone, the property may offer additional tax advantages, further enhancing overall returns. With immediate cash flow, scalable upside, and a highly visible location, this asset represents a strategic acquisition opportunity for investors seeking both stability and growth. The owner has maintained the property to a high standard and is selling to pursue a new venture- creating a limited opportunity to acquire a fully stabilized asset with built-in momentum in one of Albany's most active commercial corridors.

Location

State GA

County Dougherty

Area Dougherty

Zoning Business,City,Commercial,General Commercial,Office/Prof,Other

Interior

Heating Heat: Central Electric, See Remarks, Central Electric

Cooling Central Air, See Remarks, Central Electric, 2 or More

Flooring Concrete, Vinyl, See Remarks, Other

Window Features Display Window(s)

Exterior

Community Features Dumpster, TV Cable, Other

Utilities Available Electricity Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Cable Available

Waterfront Description Other

View Y/N No

Water Access Desc Albany Utilities

View Other

Roof Type Tar/Gravel,Sloping,Other

Garage No

Building

Lot Description Bus Service, Near Airport, Aerials Available, Cleared, Corner Lot, Improved Lots, Interior Lot, Level, See Remarks, Site: Shopping Center, Site: Shopping Mall, Site: Strip Mall

Story 1

Sewer Albany Utilities

Water Albany Utilities

Level or Stories 1

Stories 1

Floor Plan 1

Others

Acceptable Financing Sale Price, Other, Conventional, 1031 Exchange

Listing Terms Sale Price, Other, Conventional, 1031 Exchange

Listed by Compass Georgia

Debbie Kirkland

Broker License ID: BK3052075

+1(850) 212-0440

Debbie Kirkland

505 Slappey Blvd Albany, GA 31707

Key Details

Location

Interior

Exterior

Building

Others

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505 Slappey Blvd