Historic Property On The Auction Block
Circa 1920, this 40,000-square-foot multi-purpose building boasts breathtaking views
(EMAILWIRE.COM, April 17, 2006 ) ALBANY, GA – Listed on the National Register of Historic Places (#84000981), the Davis Exchange Bank Building at 100-102 N. Washington Street Albany, Georgia will be offered at auction beginning at 10 a.m., Saturday, May 13 at the Hilton Garden Inn in Albany.
Circa 1920, this 40,000-square-foot multi-purpose building boasts breathtaking views of 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.
As the geographic center of Southwest Georgia, Downtown Albany is the hub of health, retail, finance and government for this region, and professional offices locating here are creating even more street traffic for Downtown businesses. The only other major downtown office building is 100 percent leased. The Downtown District has undergone dramatic change in the past five years, as evidenced by the high volume of private and public investment.
From the recently constructed Hilton Garden Inn Conference Center to the renovated State Theatre and historic Hubble’s restaurant, dozens of viable projects are in planning or under construction. Many of the existing buildings downtown are adaptable for residential uses, particularly above the ground floor, opening up a whole new angle of opportunity for investors. The transformation of Downtown is well underway and stakeholders are impressed with the results thus far and the success they know lies around the corner with a completed downtown revitalization.
Not only does downtown have a lot of “new” to offer, it also abounds with history, as it is the core of Albany’s historical district. From the restored river gatehouse in Riverfront Park to the old train depot housing Thronateeska Heritage Museum to the Albany Civil Rights Movement Museum in the historic Mt. Zion Church, Downtown is the epicenter of Albany’s past.
Downtown is a thriving neighborhood with a variety of dining, cultural, entertainment and retail options. Preservation of historic structures is an important component of making our downtown unique. Easy access, ample free parking, wide sidewalks and pedestrian crossings make navigating the district easy. Nearby high points – entertainment venues, visitor attractions and historical architecture and sites – are a big draw for local residents and those streaming in from outside the area.
And while a number of successful annual events are enjoying bigger and better crowds each year, downtown use isn’t tied solely to these scheduled activities. Throughout the year you’ll find people flocking to downtown, whether it’s for a quick lunch during the workday, a cocktail with friends after business hours or a family outing to the Riverfront Park and Turtle Grove playground, this is where people come to unwind.
The development along the river now enables people to move freely from Downtown streets into the riverside paths and walkways, enjoying the benefits of a viable Downtown District on the banks of a beautiful river. Enhanced pedestrian amenities, attractive streetscapes and options for socializing, relaxing and enjoying Albany’s casual lifestyle and year round comfortable climate are steadily increasing the draw of Downtown Albany. These amenities are what encourage a rapport among residents necessary for building a binding sense of community and making them the biggest champions for the success of their Downtown District.
For more information or to schedule a pre-auction site visit, contact J. Durham and Associates 229-436-2733 or 800-342-2666. Virtual tour, additional photos, prospectus package and more details available online at www.jdurhamauctions.com.
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Published by ASMarketingcenter.com a division of www.AuctionServices.com and www.NationalAuctionList.com.
Circa 1920, this 40,000-square-foot multi-purpose building boasts breathtaking views of 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.
As the geographic center of Southwest Georgia, Downtown Albany is the hub of health, retail, finance and government for this region, and professional offices locating here are creating even more street traffic for Downtown businesses. The only other major downtown office building is 100 percent leased. The Downtown District has undergone dramatic change in the past five years, as evidenced by the high volume of private and public investment.
From the recently constructed Hilton Garden Inn Conference Center to the renovated State Theatre and historic Hubble’s restaurant, dozens of viable projects are in planning or under construction. Many of the existing buildings downtown are adaptable for residential uses, particularly above the ground floor, opening up a whole new angle of opportunity for investors. The transformation of Downtown is well underway and stakeholders are impressed with the results thus far and the success they know lies around the corner with a completed downtown revitalization.
Not only does downtown have a lot of “new” to offer, it also abounds with history, as it is the core of Albany’s historical district. From the restored river gatehouse in Riverfront Park to the old train depot housing Thronateeska Heritage Museum to the Albany Civil Rights Movement Museum in the historic Mt. Zion Church, Downtown is the epicenter of Albany’s past.
Downtown is a thriving neighborhood with a variety of dining, cultural, entertainment and retail options. Preservation of historic structures is an important component of making our downtown unique. Easy access, ample free parking, wide sidewalks and pedestrian crossings make navigating the district easy. Nearby high points – entertainment venues, visitor attractions and historical architecture and sites – are a big draw for local residents and those streaming in from outside the area.
And while a number of successful annual events are enjoying bigger and better crowds each year, downtown use isn’t tied solely to these scheduled activities. Throughout the year you’ll find people flocking to downtown, whether it’s for a quick lunch during the workday, a cocktail with friends after business hours or a family outing to the Riverfront Park and Turtle Grove playground, this is where people come to unwind.
The development along the river now enables people to move freely from Downtown streets into the riverside paths and walkways, enjoying the benefits of a viable Downtown District on the banks of a beautiful river. Enhanced pedestrian amenities, attractive streetscapes and options for socializing, relaxing and enjoying Albany’s casual lifestyle and year round comfortable climate are steadily increasing the draw of Downtown Albany. These amenities are what encourage a rapport among residents necessary for building a binding sense of community and making them the biggest champions for the success of their Downtown District.
For more information or to schedule a pre-auction site visit, contact J. Durham and Associates 229-436-2733 or 800-342-2666. Virtual tour, additional photos, prospectus package and more details available online at www.jdurhamauctions.com.
###
Published by ASMarketingcenter.com a division of www.AuctionServices.com and www.NationalAuctionList.com.
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ASMarketing Center
Richard Romanus
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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