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Unique river-front assemblage redevelopment opportunity of 12 historic retail properties situated on ± 2.36 acres. The assemblage is located in the heart of The RiverFront District in Downtown Albany, in the center of the city’s progressive redevelopment track with a wide range of new and future developments revitalizing the area.
The assemblage includes The Davis-Exchange Bank Building, located on 100-102 N. Washington Street and is listed on the National Register of Historic Places (#84000981). This 1920 historic building was designed by the award-winning J. Edwin R. Carpenter, who is known for his apartment buildings gracing New York City’s Fifth and Park Avenues. The Davis-Exchange Bank Building stands 85’ above the city and consist of six stories, making it the tallest building in Albany, Georgia.
This assemblage is an excellent renovation/redevelopment opportunity ideal for class “A” offices, multifamily developments, retail shops and restaurants. It is close to Albany State University, the Flint RiverQuarium, government offices and businesses. Developments adjacent to the assemblage include a $10 million renovation of the future Albany Museum of Art, scheduled to open 2021.
The assemblage currently has three tenants and is located in a Qualified Opportunity Zone.
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 4,287 | 38,796 | 72,145 | |
| Population Median Age | 36 | 36 | 36 | |
| Population by Age | 0-9 Yrs | 492 (11%) | 5616 (14%) | 10054 (13%) |
| 10-19 Yrs | 670 (15%) | 5906 (15%) | 10661 (14%) | |
| 20-29 Yrs | 928 (21%) | 6668 (17%) | 11738 (16%) | |
| 30-39 Yrs | 433 (10%) | 4544 (11%) | 9072 (12%) | |
| 40-49 Yrs | 526 (12%) | 4284 (11%) | 8128 (11%) | |
| 50-59 Yrs | 449 (10%) | 4390 (11%) | 8013 (11%) | |
| 60-69 Yrs | 428 (9%) | 4161 (10%) | 7880 (10%) | |
| 70+ Yrs | 362 (8%) | 3227 (8%) | 6599 (9%) | |
| Median HH Income | $22,660 | $26,309 | $35,168 | |
| Total Household Income | < 24K | 770 (53%) | 6695 (48%) | 10204 (37%) |
| 25-49K | 389 (27%) | 3679 (26%) | 7884 (28%) | |
| 50-74K | 158 (11%) | 1923 (13%) | 4316 (15%) | |
| 75-99K | 37 (2%) | 634 (4%) | 1980 (7%) | |
| 100-199K | 75 (5%) | 785 (5%) | 2472 (9%) | |
| 200K+ | 1 (0%) | 149 (1%) | 493 (1%) | |
| Highest Education Level | No Diploma | 692 | 5417 | 8074 |
| Diploma or GED | 1038 | 8491 | 14528 | |
| Some College | 403 | 5415 | 10833 | |
| Assoc. Degree | 178 | 1610 | 3714 | |
| Bachelors Degree | 148 | 1777 | 4664 | |
| Higher Degree | 95 | 1017 | 3436 | |
| Total Housing Units | 2,055 | 17,847 | 33,267 | |
| --Owner-Occupied | 417 | 4,694 | 11,258 | |
| --Renter-Occupied | 1,013 | 9,171 | 16,091 | |
| Owner-Occupied Values | < 100K | 389 | 3494 | 6165 |
| 100-199K | 27 | 860 | 3861 | |
| 200-299K | 1 | 243 | 838 | |
| 300-399K | 0 | 64 | 221 | |
| 400-499K | 0 | 14 | 60 | |
| 500K+ | 0 | 19 | 113 | |
| Total Working Age Population | 3,547 | 29,913 | 56,008 | |
| In Work Force | 1,672 | 15,982 | 32,577 | |
| Not In Work Force | 1,875 | 13,931 | 23,431 | |
| Workforce Employed | 1,180 | 13,197 | 27,968 | |
| Workforce Unemployed | 492 | 2,755 | 4,489 | |
| Civlian Workforce | 1,672 | 15,952 | 32,457 | |
| Military Workforce | 0 | 31 | 120 | |
| Total Households | 1,430 | 13,865 | 27,349 | |
| Family Households | 774 | 8,254 | 16,229 | |
| Non-Family Households | 656 | 5,611 | 11,120 | |
| Married Couple | 312 | 3,164 | 7,677 | |
| Other Family | 462 | 5,090 | 8,552 | |
| Married w/Child | 51 | 809 | 2,391 | |
| Single Male w/Child | 52 | 465 | 734 | |
| Single Female w/Child | 254 | 2,576 | 4,491 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Georgia | 8,186,453 | +18 | 9,687,653 | +12 | 10,833,472 | +13 | 12,292,423 |
| Dougherty County | 96,065 | -2 | 94,565 | -5 | 89,905 | -4 | 86,199 |
| Lee County | 24,757 | +14 | 28,298 | +6 | 29,971 | +4 | 31,139 |