ALF/Nursing Home or Student Housing

For Sale

911 E Oglethorpe Blvd, Albany, GA 31705

This Albany property for sale is located at 911 E Oglethorpe Blvd. The current listed sale price for ALF/Nursing Home or Student Housing is $10,000,000. ALF/Nursing Home or Student Housing is situated on a lot that is 5.94 acre in size.

Contacts

broker
Guzel Lubinski

iReal Estate Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 72,572 SF
  • Units 153
  • Lot Size 5.94 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1971
  • Date Updated Jun 5, 2025
City of Albany is located in Southwest Georgia on the banks of the Flint River. The city is 78 miles southeast of Columbus, OH and 151 miles south of Atlanta, GA. The subject property is within a 5-minute drive of Albany State University and James H. Gray Sr. Civic Center. This hotel is 1.4 miles from Ray Charles Plaza and 1.4 miles from Albany Welcome Center.This former hotel has been fully renovated and is ready for a new business model. Current C-1 zoning permits a multitude of opportunities, but due to its proximity to local colleges and hospitals, the biggest and best use may be: • Assisted Living/Memory Care • Student Housing/Multifamily • Hospitality Financing Options: Seller Financing: Available to Qualified Purchasers. Rate and terms to be determined. For the purposes of this report and financial projections, the following finance scenario is provided: • 70% LTV ($7M Balance), 30% Down Payment • 6% Interest Only (Start-up and/or short-term loan) • 25-Year Amortization Schedule incorporated upon business stabilization or after 3 years, whichever comes first Assisted Living Competition: There are eight ALF’s, two Nursing Homes and an assortment of Retirement Homes located within 3-miles West from subject property, to include Senior Ally Care, Isabella Manor, Friendship Personal Care, and others. The current population in Albany GA is 65,400 (5-mile radius from Subject Property), with approximately 26% of the population over the age of 55. Area Hospitals-Medical Facilities: Two major Hospitals, Monroe Regional and Phoebe Putney Memorial, are located within 2-miles from the Subject Property. For further information on this property please contact: Benny Spensieri - 813-391-1545 - , or Guzel Lubinski – 312-237-0290 -
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Highlights

  • 2 Elevators
  • 4-Story/72,572 SF/153-Units
  • 5.94-acres (Tax Records)
  • Building Structures/Improvements
  • In-Ground Pool
  • Laundry Facility
  • Parking: 200+
  • Property Includes:
  • Restaurant Building (1-Story/11,455) SF
  • Traffic Count: 26,972 AADT
  • Year Built/Renovated: 1971/1923
  • Zoning: C-3

Getting around

  • 8/100

    Walk Score ®

  • 22/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Albany, GA
  • Zip Code 31705

Points of Interest

  • Love's

    1.37 miles

  • Pilot

    2.55 miles

  • Shell

    2.87 miles

  • Woodalls

    3.21 miles

  • Liberty

    3.22 miles

  • Exxon

    3.41 miles

  • Pace Convenience Store

    3.65 miles

  • Walmart

    3.92 miles

  • Citgo

    3.93 miles

  • Enmarket

    4.24 miles

  • Park-Ride

    2.72 miles

  • Araamda Inn

    0.01 miles

  • Albany 8 Inn

    0.05 miles

  • Hilton Garden Inn Albany

    1.23 miles

  • Econo Lodge Inn & Suites

    1.54 miles

  • The Relax Inn

    1.65 miles

  • Merry Acres Inn

    3.50 miles

  • Econo Lodge

    3.69 miles

  • Super 8

    3.74 miles

  • Superior Creek Lodge

    3.92 miles

  • Knights Inn

    4.30 miles

  • Pic-N-Sav

    1.79 miles

  • Walmart Supercenter

    2.50 miles

  • Piggly Wiggly

    2.79 miles

  • American Freight

    3.56 miles

  • Food Lion

    3.58 miles

  • Walmart Neighborhood Market

    3.82 miles

  • ALDI

    5.46 miles

  • Kohl's

    5.61 miles

  • Belk

    5.99 miles

  • Albany Mall

    6.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Guzel Lubinski

iReal Estate Commercial

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