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Office Vacant-User

Owner-User, Multi-Use Building

2303 Dawson Rd, Albany, GA 31707

Listing Price: $1,680,000

Gross SF
13,714
Rentable SF
13,714
Price/Gross SF
$122.50
Lot Size
0.87 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to exclusively present to the market for sale a soon-to-be vacant office / multi-use building located at 2303 Dawson Road in Albany, Dougherty County, Georgia. The offering features a two-story, ±13,714 square foot facility that is situated on approximately 0.87 acre. The building was constructed in 1973, expanded in 1979 to include a second floor, and renovated considerably in 2012 with a new roof installed in 2005. The property has been occupied by long-term tenant, Mauldin & Jenkins, serving as the accounting firm’s corporate headquarters. There remains just over two years on a NNN lease that provides $92,000 in annual income. Mauldin & Jenkins is presently completing construction on new development, and there is an opportunity for an end-user to occupy the building in 2023 based on a termination clause in the lease agreement. The property benefits from frontage along a main thoroughfare, Dawson Road, which features an abundance of medical and national tenants that assist in driving traffic to the building. Given its location within a Neighborhood Business District and with a variety of land uses surrounding the property, the building is uniquely poised to be repurposed. The current buildout includes private offices, conference rooms, open workspace and breakrooms. The space could be converted into various other uses including office, medical, child/senior day care, or service retail.

Investment Highlights

  • Soon-to-be vacant building presents opportunity for the owner-user or investor with tenant relationship
  • Occupied by long-term NNN lease tenant with 2 years lease term remaining | $92,000 of in-place annual income provides opportunity to cover carrying costs
  • Facility may be repurposed for a variety of uses including office, medical, child or senior day care, or service retail
  • Highly desirable space and location within the Albany market
  • Strong demographics and abundant area amenities

Exclusively Listed By

Office Vacant-User

Owner-User, Multi-Use Building

Listing Price: $1,680,000

Gross SF
13,714
Rentable SF
13,714
Price/Gross SF
$122.50
Lot Size
0.87 acres
Year Built
1973

Investment Highlights

  • Soon-to-be vacant building presents opportunity for the owner-user or investor with tenant relationship
  • Occupied by long-term NNN lease tenant with 2 years lease term remaining | $92,000 of in-place annual income provides opportunity to cover carrying costs
  • Facility may be repurposed for a variety of uses including office, medical, child or senior day care, or service retail
  • Highly desirable space and location within the Albany market
  • Strong demographics and abundant area amenities

Investment Overview

Marcus & Millichap is pleased to exclusively present to the market for sale a soon-to-be vacant office / multi-use building located at 2303 Dawson Road in Albany, Dougherty County, Georgia. The offering features a two-story, ±13,714 square foot facility that is situated on approximately 0.87 acre. The building was constructed in 1973, expanded in 1979 to include a second floor, and renovated considerably in 2012 with a new roof installed in 2005. The property has been occupied by long-term tenant, Mauldin & Jenkins, serving as the accounting firm’s corporate headquarters. There remains just over two years on a NNN lease that provides $92,000 in annual income. Mauldin & Jenkins is presently completing construction on new development, and there is an opportunity for an end-user to occupy the building in 2023 based on a termination clause in the lease agreement. The property benefits from frontage along a main thoroughfare, Dawson Road, which features an abundance of medical and national tenants that assist in driving traffic to the building. Given its location within a Neighborhood Business District and with a variety of land uses surrounding the property, the building is uniquely poised to be repurposed. The current buildout includes private offices, conference rooms, open workspace and breakrooms. The space could be converted into various other uses including office, medical, child/senior day care, or service retail.

Exclusively Listed By

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