911 E Oglethorpe Blvd - Apartments FOR SALE


Albany, GA 31705
$10,000,000 USD
813-391-1545
911 E Oglethorpe Blvd, Albany, GA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

911 E Oglethorpe Blvd
Albany, GA 31705


HIGHLIGHTS

  • Seller Financing Offered to Qualified Purchaser
  • Fully Renovated Building to New Owner
  • Perfect Property for Nursing Home - Assisted Living - Student Housing

OVERVIEW

Albany, GA: 153-Rm Hotel Conversion - ALF/Nursing Home or Student Housing - Seller Financing Offered! This former hotel has been fully renovated and is ready for a new business model. Current C-1 zoning permits a multitude of opportunities, but due to its proximity to local colleges and hospitals, the biggest and best use may be: • Assisted Living/Memory Care • Student Housing/Multifamily • Hospitality Property Includes: • 5.94-acres (Tax Records) • Building Structures/Improvements • 4-Story/72,572 SF/153-Units • Year Built/Renovated: 1971/1923 • Laundry Facility • 2 Elevators • In-Ground Pool • Restaurant Building • 1-Story/11,455 SF • Zoning: C-3 • Parking: 200+ • Traffic Count: 26,972 AADT

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

153

PRICE/UNIT

$65,359

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

153-Rm Hotel Conversion Seller Financing!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1972

PARKING SPACES

220

LAND DETAILS

LAND ACRES

5.94 AC

LAND SF

258,746 SF

ZONING

C-3

APN/PARCEL ID

000EE-00043-03D

ASK ABOUT THIS PROPERTY

Benny SpensieriJennifer Stein Real Estate IncMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Benny SpensieriJennifer Stein Real Estate IncMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.