Offered Price: $7,000,000 As Is / $10,000,000 Renovated Rooms: 152 Property Features: Outdoor Pool 4 Stories 2 Elevators Laundry Facilities Albany State University Dormitory in Albany, Georgia is strategically located just off U.S. Highway 82, providing direct access to the region’s primary thoroughfares and convenient connectivity throughout the city. The property sits approximately 3 miles from Downtown Albany, offering proximity to key business, cultural, and recreational destinations. Within 2 miles lies Albany State University’s main campus, along with the Albany Municipal Auditorium and Flint RiverQuarium, a regional attraction highlighting aquatic life of the Flint River ecosystem. The dormitory is also less than 3.5 miles from Phoebe Putney Memorial Hospital, one of Southwest Georgia’s largest medical centers. Albany Mall, the area’s primary retail hub, is located about 6 miles from the property, while Southwest Georgia Regional Airport is only 7 miles away, providing commercial air access. Positioned in a stable institutional setting with strong surrounding infrastructure, the property benefits from steady demand drivers, established amenities, and long-term regional growth prospects. The nearest airport is Southwest Georgia Regional Airport, located approximately 7 miles from the property. Location Highlights: 1. Highway Access – Conveniently located just off U.S. Highway 82, offering seamless connectivity throughout Albany and the surrounding region. 2. Proximity to Downtown – Approximately 3 miles from Downtown Albany, providing access to business, dining, and cultural attractions. 3. Nearby Institutions – Less than 2 miles from Albany State University’s main campus and close to Albany Municipal Auditorium and Flint RiverQuarium. 4. Healthcare Access – About 3.5 miles from Phoebe Putney Memorial Hospital, a major regional medical center. 5. Retail & Shopping – Approximately 6 miles from Albany Mall, the area’s primary retail and commercial hub. 6. Airport Access – Southwest Georgia Regional Airport is located about 7 miles from the property, offering convenient commercial air travel. Albany, Georgia is actively working on several developments to drive economic growth and attract new business. The city's focus is on leveraging its strengths in manufacturing, education, and its role as a regional hub for Southwest Georgia. These efforts are expected to create new opportunities for sales across various sectors. Key developments that could drive sales include: Manufacturing and Industrial Growth: The Albany-Dougherty Economic Development Commission is a major driver of new business. The area has been recognized as a low-cost manufacturing location in the U.S., and there is a continued focus on attracting and expanding industries. This includes supporting existing businesses like COMBOS snacks and creating a business-friendly environment for new companies. Commercial and Real Estate Developments: There is ongoing real estate activity in the area, including new construction and the redevelopment of existing properties. Numerous new construction homes are being built in neighborhoods in and around Albany. This residential growth brings new people and families to the area, creating demand for local businesses. The city is also promoting commercial real estate opportunities in various districts. Downtown Revitalization and Small Business Support: The city has programs to help small businesses and entrepreneurs. The Downtown Business Incubator program assists with micro-enterprise development and job creation. There are also efforts to improve the overall look and feel of commercial areas, such as the Commercial Facade Program. These initiatives aim to make the downtown area a more vibrant hub for retail and services. Education and Workforce Development: Albany is home to institutions like Albany State University. The city is investing in workforce programs and partnerships to ensure a skilled labor pool, which is attractive to new businesses looking to expand or relocate. Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.