REO Sale | Albany Mall, Dillard’s-Anchored

Highlights:

• Prime Visibility at Major Intersection: Dawson Road (21,000 VPD) and Liberty Expressway (13,000 VPD) intersect near the Property.
• National Anchors, Local Trade Area Fit: Dillard's (Owned), Belk, JCPenney and new Academy Sports anchor the mall.
• Only Enclosed Mall Within an 80-Mile Radius: The nearest enclosed competitor sits roughly 83 miles to the southeast.
• Owned Outparcel Adds Income Diversification: Ollie's and Up 2 U Entertainment occupy the owned outparcel, generating ±$238K annually.
• Former Sears Box Sparks Redevelopment: The site adjacent to Academy Sports, has been approved for future expansion.

Description:

For more information visit:
https://rimarketplace.com/auction/3370/retail/albany/ga?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october7_2026&utm_content=retail_3370


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.


Bidding Opens
Oct 06 12:00 AM
Bidding Closes
Oct 08 12:00 AM

Documents: