Historic Building Albany, Georgia


40,000 sq. ft. building in downtown Albany, GA. To receive future email notification on all our upcoming auctions join our email list

LIVE ON-SITE AUCTION
Began: 05/13/06 at 10:00 AM CDT
INSPECTION
Began: 05/04/06 at 4:00 PM CDT
Ended: 05/04/06 at 6:30 PM CDT


The Davis Exchange Bank Building – 100-102 N. Washington Street, Albany, GA

  

Listed on the National Register of Historic Places (#84000981), this 42,000-square-foot multi-purpose building, c. 1920, boasts breathtaking views of downtown Albany and the picturesque Flint River. The most prominent building in the downtown district, this eight-story property offers excellent retail space on the first floor and is ideal for luxury office development and/or residential units. Renovation of this historic building has potential to qualify purchaser for substantial tax credits.

   

Featuring two elevators, a mezzanine level, sprinkler system and a walk-up floor, the historic Colonial Revival building is prepped for immediate redevelopment, with no leases to buy out and no tenants to relocate, though option exists for delivery with pre-leased retail space and offer from seller to lease back space.

   

Designed by award-winning architect J. Edwin R. Carpenter, known for his apartment buildings gracing New York City’s Fifth and Park Avenues, the building is located in the heart of downtown, within walking distance to great dining, shopping and entertainment as well as the new Riverfront Park and RiverQuarium with 3D Theater.  Also in close proximity to county and city offices, state and federal courthouses, major health care facilities, finance and business outlets. The only other major downtown office building is 100 percent leased.

   

In addition, a major revitalization project is underway in the Downtown District, setting this property up to be the crowning glory in the Albany cityscape. Dozens of properties throughout a multi-block area have been purchased and are finding new life as eateries, jazz clubs, coffee shops, antique markets and unique retail stores.

   

This property will sell from a ballroom at the Hilton Garden Inn, 101 S. Front Street, Albany, beginning at 10 a.m., Saturday, May 13. An open house will be held on Thursday, May 4th from 4:00P.M. till 6:30P.M., immediately after at 6:30P.M. till 7:30P.M. we will be holding an auction awareness seminar to explain the auction process and to answer any questions you may have.

Excellent Retail Space on First Floor

Prime Office Space Location

Possible Apartment Conversion

Across From New Federal Court House

One Block From: Albany Civic Center, Dougherty County Court House, Dougherty County and City of Albany Municipal Offices, Dougherty County School Board Administrative Offices, Plus Many Other Offices and Businesses.

Sprinkler System

Great Views

Click On On Line Media Above (Right Side) To Learn More About The Albany Area.

  Click on the Virtual Tour Link above right to get a better idea of the location and possibilities of this investment 

 10% BUYERS PREMIUM

 

 

 

 

   CONDITIONS OF THE AUCTION

   Terms:  The successful purchasers will be asked to sign the Seller’s real estate purchase agreement on sale day and make an earnest money deposit equal to fifteen percent (15%) of the contract price.  Sale will close within thirty (30) days after the date of auction at which time the purchaser will pay the balance of the purchase price.  A 10% buyer’s premium will be added to all purchases to arrive at a contract price.  

 The information contained in this brochure and all related materials are subject to the terms and conditions of the purchase agreement.  The property is being sold on an “AS-IS, WHERE-IS WITH ALL FAULTS” basis.  THE PROPERTY WILL BE SOLD FOR ALL CASH.  Your complete inspection of the property and pertinent documents is recommended.  Announcements made at the podium at the time of the sale take precedence over all printed materials, except for the fully executed purchase agreement and subsequent conveyance/closing documents.  

 Conduct of the auction and increments of bidding are at the direction of the Auctioneer.  All properties will be sold subject to the Sellers reserving the right or confirmation within ninety-six (96) hours.  Since the Sellers are highly motivated to sell on the date of the sale, the announcement of acceptance of final bids could be synonymous with the time and place of the auction.

 SURVEY: If the property sells divided, all property must be surveyed prior to closing by a licensed Georgia registered surveyor.  The cost of the survey is to be paid by the purchaser.  The number of acres surveyed times the contract price per acre shall determine the final or actual purchase price to be paid at closing.  J. Durham and Associates, Inc., will have the final approval of the selected surveyor. 

 

 

     REPRESENTATION DISCLOSURE: J. Durham and Associates, Inc., represents the seller in this transaction, not the purchaser, but does not have authority to make representations on behalf of the seller with respect to any matter. 

 

 

   PROPERTY SIZE & DIMENSIONS:  All acreages and property line dimensions are subject to change.  They have been calculated for auction purposes only and are approximate and may be general in nature and are being sold subject to final survey.  They are not guaranteed by the seller of J. Durham and Associates, Inc.

  

 

 

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