424 1st SE Ave Albany, OR 97321-2766
This exceptional 5,228 square foot commercial property, located at 424 1st Avenue, Unit 424 in the heart of Albany, Oregon, presents a unique investment opportunity. Built in the 1900s, this classic historical building boasts 7,264 square feet of stunning glass-front retail space, providing unparalleled visibility and street presence. The property features 50 feet of frontage on 1st Street, ensuring maximum exposure to potential customers. Currently configured as a single large space, the layout offers incredible flexibility. The open floor plan is ideal for a variety of retail or commercial uses, and the existing structure allows for easy division into multiple tenant units, maximizing rental income potential. Behind the expansive display area, ample back storage space is available, complemented by two functional loft areas, adding versatility and potential for additional office or storage space. The building's character is further enhanced by its exposed brick and glass construction, creating a unique and attractive aesthetic. The roof is a TPO membrane, approximately 10 years old, ensuring long-term structural integrity. The 0.06-acre lot provides convenient access and ample space for customer parking or outdoor displays. This property is a rare find, combining historical charm with modern functionality in a prime downtown location.
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Bike N Hike (Bike/Boat/Book/etc) Store
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I.S.I World Of Roofing Roofing Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.