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    350 Hickory St Albany, OR 97321

    Sponsored
    For Sale
    $1,600,000

    High-traffic retail space near Samaritan Hospital. Excellent investment opportunity.

    Property size:
    15,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 15,000 square foot free-standing retail building presents a unique investment opportunity in a prime North Albany location. Boasting prominent highway frontage on Highway 20, this property enjoys high visibility and accessibility, ensuring significant exposure to potential customers. Its proximity to Samaritan Hospital medical clinics further enhances its desirability, attracting a steady stream of patients and visitors. Currently undergoing partitioning, the property's lot size is anticipated to expand to approximately 1.75 acres. An adjoining lot with Hickory Street frontage is also available for purchase, offering potential for expansion or development. The flexible zoning allows for a variety of uses, including commercial, medical, and residential, providing considerable versatility for future development plans. This versatile property is offered for sale, lease, or lease with an option to purchase, catering to a wide range of investment strategies and business needs. The substantial size, prime location, and flexible zoning make this an exceptional opportunity for investors and businesses seeking a prominent presence in a thriving community. The potential for expansion with the adjacent lot adds further value and development possibilities. This is a rare chance to acquire a significant commercial property in a high-demand area.

    Property Features for 350 Hickory St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,000 SF
    Lot Size
    54,450 SF

    Building Details

    Year Built
    1958
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency Peaceful Valley Farm ... Garden Center

    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
    Benton
    State
    Oregon
    Longitude
    -123.1081
    Latitude
    44.64324

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space near Samaritan Hospital. Excellent investment opportunity.
    Where is this commercial real estate located?
    The property is located at 350 Hickory St Albany, OR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (541) 484-2022
    Request Owner's contact information
    350 Hickory St 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
    350 Hickory St Albany, OR 97321
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