Commercial Real Estate Opportunity, Albany, Georgia

Our Upcoming Auctions

Commercial Real Estate Opportunity
Albany, Georgia

Three Great Properties. You name the price.
 

Property #101:

Property Address: 128 S. Washington Street Albany, GA 31701

County: Dougherty, GA

Assessor’s Parcel Numbers: DOUGHERTY- 0S101/00002/021

Important Selling Features:

  • Great Investment in Historic Downtown Albany
  • 43,179+/- SF
  • Partially Leased
  • 5 Suites
  • 17,888 SF Occupied
  • 25,291 SF Available
  • Current Rent $132,000 Annually
  • 42 Parking Spaces
  • New Roof
  • 1.96+/- Acres
  • Located in the Opportunity Zone

Detailed Property Description:

Located in a revitalized downtown Albany this architecturally significant building was designed in 1961 by Bo McCuen. 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 RiverQuarium, Pretoria Farms Brewery and has outstanding exposure to the public, with over 29,700 vehicles passing it per day. The Albany Civic Center is directly across Oglethorpe. This Class B property (Located in a HUB zone) boasts 3 floors with 35,679 sq ft of lease-able space! With 2 current tenants that occupy approximately 17,000 sq ft, this property already provides an income and has great potential for more. This property also qualifies for investment in the new Qualified Opportunity Zone!

Property Taxes: 2019 –

GPS Coordinates: 31.577556, -84.151091

Directions: From North Slappey Drive take Oglethorpe Boulevard 1.5 Miles East towards the Flint River. Turn North on Washington Street and the property is on the right.

From US Highway 82 (Bypass) take the E. Oglethorpe Exit towards downtown Albany. Follow this road for approximately 2.6 Miles. Cross the Flint River and turn right on Washington Street. The property is on the right.

Google Map Link:  
 

Property # 102

Property Address: 114 N. Washington Street Albany, GA 31701

County: Dougherty, GA

Assessor’s Parcel Numbers:
DOUGHERTY- ON101-00001-010

Important Selling Features:

  • Great Historic Opportunity
  • 19,398+/- SF
  • 3 Story Construction
  • Zoned C-2 Commercial
  • Built in 1910
  • Located in the Opportunity Zone

Detailed Property Description:
Weeks Auction Group is pleased to announce the offering of The Silvers Building built in 1910. This property consists of 19,398 SF located in the Opportunity Zone! Centrally located this property is within walking distance of all Albany’s governmental buildings, Turtle Grove Park, The Flint RiverQuarium, Pretoria Farms Brewery and has outstanding exposure to the public located just around the corner. Register to bid and NAME YOUR PRICE!

Property Taxes:

GPS Coordinates: 31.577556, -84.151091

Directions: From North Slappey Drive take Oglethorpe Boulevard 1.5 Miles East towards the Flint River. Turn North on Washington Street and the property is on the right, just behind the Albany Herald building.

From US Highway 82 (Bypass) take the E. Oglethorpe Exit towards downtown Albany. Follow this road for approximately 2.6 Miles. Cross the Flint River and turn right on Washington Street. The property is just behind the Albany Herald building.

Google Map Link:

 

Property #103

Property Address: 1702 N. Slappey Boulevard Albany, GA 31701

County: Dougherty, GA

Assessor’s Parcel Numbers: DOUGHERTY- 0000N/00032/002

Important Selling Features:

  • Commercial Investment Opportunity
  • Zoned C-3 Commercial
  • 1,563 SF
  • 6 Office Spaces
  • 1 Restroom
  • Conference Room
  • Brick Construction
  • 23,500 Vehicles Per Day


Detailed Property Description:

Take advantage of this PRIME commercial property located on Slappey Boulevard in Albany. This property consists of 1,563 SF with 6 Offices, Conference Room and Restroom. With 23,500 vehicles per day, the traffic for this business location is awesome! Whether you’re looking to relocate your business, expand a commercial portfolio or start your first investment this property is for you!

Property Taxes:

GPS Coordinates: 31.600206, -84.175687

Directions: From North Slappey Drive take Oglethorpe Boulevard 1.5 Miles East towards the Flint River. Turn North on Washington Street and the property is on the right, just behind the Albany Herald building.

From US Highway 82 (Bypass) take the Slappey Exit South. Follow Slappey Boulevard south for 1 mile and the property is on your left. Watch for auction signs!

Google Map Link:


For More Information Contact:
Cameron G. Morris
Associate Broker & Auctioneer
Weeks Auction Group
(229) 881-7643
Cameron@BidWeeks.com
 

Online Only Auction Real Estate Bidding Terms and Conditions

Please Read the following terms carefully.  By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the property or had the opportunity to do so.

 

If you do not agree to these terms, please DO NOT bid!

 

The property will be offered for sale through Weeks Auction Group Online Bidding Platform. 

 

Bidder Registration and Verification:   

For verification purposes, a credit card is required in order to register for this auction.  Upon registering, an authorization charge of $1,000.00 will be charged against the credit card used for registration.  This authorization is not a permanent charge placed on your card, it is only a pre-authorization used to verify identity of our bidders and the availability of funds on the credit card used for registration.  Please be advised that WAG has no control over the length of time the verification charge remains on your card, that is at the sole discretion of your credit card company.  Also, please be aware that registering for multiple auctions could incur multiple verification charges; and in some instances, multiple verification charges may result in a fraud alert being sent to the card holder.  WAG reserves the right to reject or accept bidder registrations at its sole discretion.  

 

Terms of Sale:

At the close of the auction, successful bidders will be emailed a contract package.  Included in the contract package will be the purchase contract as well as instructions for submitting your earnest money deposit.  The required earnest money deposit required is stipulated in the Contract for Sale.

 

Bid Increments: 

 

The Bid Increments will be as follows: 

 

Amount Up to:

Bid Increments

$10,000

$500

$50,000

$1,000

$100,000

$2,000

$250,000

$5,000

$500,000

$7,500

$500,000+

$10,000

WAG reserves the right to adjust bid increments as needed. 

 

Scheduled Auction End Times:   

The Auction is scheduled to end at the published end time, subject to auto-extend bidding.  Each time a bid is placed with the clock showing less than 10 minutes, the clock will reset to 10 minutes.  In the event the auto-extend time needs to be reduced, WAG reserves the right to adjust the auto-extend, as needed. 

 

Buyer’s Premium:   

A 10% Buyer’s Premium will be added to the bid price for each property to determine the final contract price. For example, if your final bid price is $100,000, 10% ($10,000) will be added, resulting in a total contract price of $110,000. 

 

Contract for Sale: 

This property is offered under the specific terms provided in the Contract for Sale.  The Contract for Sale is available for review at www.WeeksAuctionGroup.com.  Please fully read and review the Contract for Sale prior to bidding.  If you have any question or concerns to anything included in the Contract for Sale, please contact WAG prior to bidding.  Please do not bid prior to reviewing the Contract for Sale Document. 

 

As Is, Where Is: 

All property is selling “As-Is, Where Is” with all faults.  It is the buyer’s responsibility to conduct any and all inspections and perform all acts of due diligence deemed necessary before bidding.  Placing a bid will be considered as acceptance of the property in it’s as-is condition. 

 

Bidder Default: 

In the event a winning bidder fails to submit the signed Contract for Sale and/or earnest money deposit as specified in the terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at registration.  All administrative fees are non-refundable. 

 

Bid Cancellation:  Weeks Auction Group, Inc. reserves the right to remove or cancel the bids and bidding privileges of the party at any time that bids or bidding is deemed to not be in the best interest of the seller.

 

Earnest Money Deposit:   

Upon the close of the auction, successful high bidders will be required to submit the required earnest money deposit as stipulated in the Contract for Sale.  The successful bidder, will have 24 hours to send the earnest money in the form of Wire Transfer or Cashier’s Check. 

 

Real Estate Closing:  

With timing being of the essence, each contract will be a cash contract, not contingent or subject to financing, appraisal, or survey, as described in the Contract for Sale.  Closing will take place no more than 30 days from the end of the auction as stipulated in the Contract for Sale.  The Buyer will be responsible for all closing costs and the transaction will be conducted by the closing attorney specified in the Contract for Sale. 

 

Agency Disclosure: 

Week’s Auction Group, Inc. herein after WAG is acting as agent for the seller and at no time is WAG responsible for, acting on behalf of, or acting as agent for the buyer.  Full agency disclosure will be acknowledged by both seller and buyer on the Agency Disclosure form attached as Exhibit “C” on the Contract for sale. 

 

Disclaimer:

Weeks Auction Group, Inc believes all information contained herein to be correct to the best of our knowledge.  All information is being furnished to bidders solely for the bidder’s convenience and it is always the responsibility of the bidders to determine the accuracy and completeness of all information.  Reliance on information provided is solely at the risk of the recipient.  Bidders should always conduct their own due diligence, inspections, and investigations prior to bidding.  Bidders needing assistance should seek necessary assistance prior to placing a bid.

 

Disclosure:

As detailed in Rule 55-10-.01 (3) of the Georgia Auctioneers Commission:  Any auction sale is, without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction.  According to Rule 55-10-.01 (4)(b) Weeks Auction Group and our sellers hereby give notice that bids may be made by the seller, or upon the seller’s behalf, at any auction with reserve.