REO Sale | Albany Mall, Dillard’s-Anchored

Starting Bid $2,000,000

RealINSIGHT Marketplace, in partnership with Newmark, is pleased to present for sale Albany Mall, an enclosed regional mall in Dougherty County, Georgia. Originally built in 1976 and renovated in 1988, the Property totals approximately 645,286 SF of gross leasable area, of which 454,221 SF is owned and a part of this offering. Dillard's (150,740 SF, owned) anchors the Mall alongside shadow anchors JCPenney (109,588 SF), Belk (81,219 SF) and is complemented by in-line tenants including Old Navy, Hibbett Sports and Bath & Body Works, plus outparcel tenants Ollie's and Up 2 U Entertainment. Demonstrating continued reinvestment in the submarket, Academy Sports + Outdoors opened a new, ±55,000 SF standalone store in October 2025 on the former Sears Parcel, and Dougherty County has separately approved a ±44,000 SF, $2.9 million SPLOST-backed entertainment complex for the remaining portion.Albany Mall is the dominant enclosed retail center within an approximately 80-mile trade area serving a population north of 390,000, with the nearest enclosed competitor, Valdosta Mall, roughly 82.5 miles to the southeast. The Property sits along Dawson Road (21,000 VPD) and the GA-300 Liberty Expressway (13,000 VPD), near Lowe's, Publix, Target, Home Depot and Walmart. Albany Mall offers an investor the chance to acquire a well-located regional mall on a sizeable site, well below replacement cost, with upside from a broad redevelopment and densification plan alongside existing in-place cash flow.

454,221 SF Owned Within Regional Mall: Dillard's-anchored Albany Mall totals approximately 645,286 SF of gross leasable area.

Dominant Retailer in an 80-Mile Trade Area: Nearest enclosed competitor, Valdosta Mall, sits roughly 82.5 miles to the southeast.

Academy Sports Opened New Store in 2025: A new ±55,000 SF standalone store signals continued reinvestment in the submarket area.

$2.9M SPLOST Entertainment Complex Planned: Dougherty County approved a ±44,000 SF addition for the mall's remaining Sears parcel.

Auctioneer: Lamar P. Fisher

Auctioneer License: AUNR003157

Auctioneer Company: Fisher Auction Company Inc.