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    1 1St Ave Albany, OR 97321

    Sponsored
    For Sale
    $699,000

    Historic building, 7,264 SF, high visibility.

    Property size:
    7,264 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7,264 square foot retail property presents a rare opportunity in the heart of downtown Albany, Oregon. Built in the 1900s, this classic building boasts stunning architectural details, including exposed brick and expansive glass frontage along 50 feet of 1st Street. The current configuration offers a large, open floor plan ideal for a single tenant, but the space is easily divisible to accommodate multiple tenants, providing significant flexibility for future use. The property includes ample back storage space, perfect for inventory or additional operational needs. Two loft areas add unique character and potential for office space or additional retail display. The roof is a TPO membrane, approximately 10 years old, ensuring long-term structural integrity. Situated on a 0.12-acre lot, this property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. Its prime downtown location ensures high foot traffic and exposure to a thriving community. This is a truly unique opportunity to acquire a piece of Albany's history and establish a thriving business in a vibrant urban setting. The asking price is $699,000.

    Property Features for 1 1St Ave

    General Information

    Property type
    Retail properties
    Square Feet
    7,264 SF
    Lot Size
    5,227 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.1072
    Latitude
    44.63715

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    FAQs

    What type of property is this?
    Retail property - Historic building, 7,264 SF, high visibility.
    Where is this retail property located?
    The property is located at 1 1St Ave Albany, OR.
    What is the asking price?
    The asking price for this property is $699,000.
    (541) 451-2211
    Request Owner's contact information
    1 1St Ave Albany, OR 97321
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    Albany, OR 97321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 1St Ave Albany, OR 97321
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