$1 Auction - REIT Sale | Former Advance Auto 2001 E Oglethorpe Blvd Local commercial 931 m² À vendre Albany, GA 31705 1 € (0,00 €/m²)

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 2001 East Oglethorpe Boulevard in Albany, Dougherty County, Georgia 31705 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner-users or investors to acquire a highly visible and strategically positioned asset at a compelling discount. FIRST BID MEETS RESERVE!
Built in 1995, the Property consists of a one-story, free-standing retail building totaling ±10,017 gross square feet, with 40 surface parking spaces on a ±0.901-acre parcel (±39,254 SF). Positioned on the northwest corner of Monarch Drive and East Oglethorpe Boulevard, the site offers excellent accessibility via four (4) dedicated ingress/egress curb cuts and strong frontage along both roadways. The Property features a highly visible pylon sign and was previously leased on a triple-net (NNN) basis to Advance Auto Parts. It offers potential owner-users or investors the ability to unlock significant value-add upside through lease-up at long-term market rates (CoStar estimated retail rents of $14-17/SF NNN). Zoned C-3, Commercial District, the site allows for a wide range of commercial and retail uses, providing operational flexibility to a variety of end users.
The Property is located in the southern portion of Albany, within Dougherty County in southwestern Georgia, approximately ±90-mi southeast of Columbus and ±180-mi south of Atlanta. Strategically positioned along East Oglethorpe Boulevard (U.S. Hwy 82 Business), the Property benefits from prime visibility and frontage along one of Albany’s primary east–west commercial corridors with ±20,692 VPD. East Oglethorpe Boulevard connects directly to Downtown Albany (±3-mi west) and provides seamless regional access to major highways including U.S. Hwy 19/Liberty Expressway and U.S. Hwy 82. This high-traffic location places the Property in close proximity to key demand drivers, including Albany State University (±2.5-mi), Phoebe Putney Memorial Hospital, a 691-bed regional healthcare hub (±3-mi), the Marine Corps Logistics Base Albany (±3-mi), and Darton College (±7-mi). Additional nearby attractions include the Albany Mall (±8-mi), home to national retailers such as Belk, JCPenney, Dillard’s, and Books-A-Million, as well as a growing concentration of grocery, QSR, hospitality, and service-oriented tenants along the East Oglethorpe corridor. Major corporate employers in the immediate area also include P&G Albany Plant (±2.5-mi), Miller Coors Beverage Company (±5-mi), and Phoebe Health System, all of which drive consistent employment, business travel, and consumer demand. The Property is located within a dense and economically active trade area, serving ±42,572 residents with an average household income (AHHI) approaching ±$50,000 within a 5-mi radius.