505 S Slappey Blvd

Description

Position your portfolio with a high-performing asset. $6,715 / month in income. 9 units. 100% occupied- this is the kind of stabilized investment that delivers from day one! Strategically placed along one of Albany's most highly trafficked commercial corridors, 505, 507, and 511 S Slappey Blvd present a rare opportunity to acquire a fully leased, income-producing asset with immediate cash flow and measurable upside. This offering consists of three contiguous parcels totaling 9,376 sqft. situated on approximately 1.1 acres, delivering strong in-place revenue supported by a diversified tenant base and prime positioning. Anchored by a well-balanced mix of service, retail, and experiential tenants, including a barber shop, formal event center, BBQ restaurant, photography studio, party supply retailer, non-profit organization, hair salon, and professional office users. This diversification enhances income stability and minimizes vacancy risk, while the property's long-standing history of high occupancy underscores its consistent performance. Located along South Slappey Boulevard, the property offers approximately 265 ft. of road frontage and benefits from an estimated 19,100 vehicles per day, providing exceptional visibility and accessibility. Its proximity to Phoebe Putney Memorial Hospital, Southwest Georgia Regional Airport, and Downtown Albany further strengthens tenant demand and long-term investment fundamentals. In addition to its current performance, the property offers compelling value-add opportunities. The far-left unit is positioned for a potential drive-thru conversion, creating the opportunity to increase rents and attract national or high-volume tenants. The adjacent land provides flexibility for expansion, additional units, or supplemental income through food truck leasing, parking, or event-based use- allowing investors to increase revenue without taking on initial lease-up risk. Situated within a designated Opportunity Zone, the property may offer additional tax advantages, further enhancing overall returns. With immediate cash flow, scalable upside, and a highly visible location, this asset represents a strategic acquisition opportunity for investors seeking both stability and growth. The owner has maintained the property to a high standard and is selling to pursue a new venture- creating a limited opportunity to acquire a fully stabilized asset with built-in momentum in one of Albany's most active commercial corridors.