5.28 AC Kohl's Adjacent Parcel

Lot Description

5.28 AC Kohl's Adjacent Parcel - 51K Vpd

Marketplace Online Auction August 09-11, 2021

Investment Highlights

±5.28 AC parcel with pad sites and parking adjacent to Kohl's and AMC Theatres in Albany, Ga

Well situated with excellent access and visibility to three major thoroughfares with combined ±51,133 Vpd

Ideally positioned in trade area and benefiting from proximity to Kohl's, Home Depot, Lowe's, Albany Mall, Target, Publix, Walmart, Tractor Supply, and many others

Zoned C-2, Commercial allowing for flexible commercial uses

Strong 2021 demographics with ±61,407 people and an avg household income of (5-mile radius)

Offering Details

CBRE and are pleased to present a ±5.28 AC land parcel adjacent to Kohl's and AMC theater at 2815 Nottingham Way in Albany, Georgia (the “Property”). The Property offers an exceptional investment opportunity to develop a well-located asset adjacent to several national retailers.

The Property consists of a large ±5.28-Acre parcel with two pad sites able to accommodate a ±50,000 SF anchor tenant and ±7,000 SF outparcel building (preliminary site plan). The Property is part of Liberty Shopping Center which is co-anchored by four national tenants including Kohl's, Country Inn & Suites, Mellow Mushroom and Amc. Other nationally recognized tenants surrounding the Property are Walmart, Home Depot, Lowe's, Sam's Club, Target, Publix Supermarket, Tractor Supply, Michael's, Ashley Homestore, and numerous others. Other traffic driving retail in the area include Albany Mall, a ±400,000 SF super regional mall less than a mile from the Property. This asset is within a major retail corridor with high traffic counts on Liberty Expressway with ±19,458 Vpd, Ledo Road with ±14,702 VPD and Nottingham Way with ±16,973 Vpd. The land is zoned C-2, which allows for multiple uses including retail, office, residential, and live/work development.

Located on the Flint River, Albany is the sole city in, and county seat of, Dougherty County, Georgia. Located in southwest Georgia, the city is 180 miles south of Atlanta. Approximately three miles from the Property is Albany State University with over 6,000 students and a strong economic driver for the city. Health care, education, and the Marine Corps Logistics Base Albany are the city's largest employers. Manufacturing, transportation, and retail trade are also important foundations of Albany's economy, and the city acts as a hub for commerce in southwest Georgia. The Property's location benefits from strong 2021 demographics with a population of ±61,407 and an average household income of within a 5-mile radius.

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: Aunr003157