Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    214 2Nd Ave SW Albany, OR 97321

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Turnkey investment opportunity in downtown Albany, Oregon with long-term tenants.

    Property size:
    6,854 SF
    Lot size:
    0.16 Acres

    Property Features for 214 2Nd Ave SW

    General Information

    Size
    6,854 SF
    Lot size
    0.16 Acres

    Source: SMI Real Estate Agent Jordan Sparks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Multi-Tenant Albany Investment Property

    This multi-tenant property in downtown Albany, Oregon, presents a turnkey investment opportunity. The building underwent a complete remodel in 2023, featuring a new TPO membrane roof, updated electrical service, significant plumbing upgrades, and modern interior finishes. The primary tenant, Greyhound Tavern, occupies over 5,000 square feet and has a custom wood-fired pizza oven and event space. Greyhound Tavern recently signed a 5-year NNN lease at $5,250 per month. Sugar J’s Ice Cream is the second tenant, with 2.5 years remaining on a 3-year lease at $1475 per month, plus a $75 utility fee. The property has a total size of 6,854 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sugar J's Ice ... Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.1064595
    Latitude
    44.6362052

    Nearby Similar for Sale

    • $230,000
      5,976 SF

      Restaurant with Large Parking Lot

      Well-established restaurant on main road with high traffic.
      1206 SE 9Th Ave, Albany, OR 97322
      View Details
    • New
      $420,000
      2,080 SF

      Albany Duplex with Large Backyard

      Two homes in one with a spacious backyard.
      2522/2520 Main St SE, Albany, OR 97322
      View Details
    • $220,000
      1,376 SF

      Freestanding Restaurant with Drive-Through

      Restaurant with drive-through, parking, and commercial kitchen for sale.
      1121 Pacific Blvd SE, Albany, OR 97321
      View Details
    • $950,000
      8,900 SF

      Historic Church with Flexible Space

      8,900 sqft historic church suitable for ministry or community programs.
      1099 SW Queen Ave, Albany, OR 97321
      View Details
    • New
      $370,000
      1,860 SF

      Albany Duplex: Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711-3713 Earl Ave NE, Albany, OR 97322
      View Details
    • New
      $370,000
      1,860 SF

      Albany Duplex Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711 Earl Ave NE, Albany, OR 97322
      View Details

    FAQs

    What type of property is this?
    Pub - Turnkey investment opportunity in downtown Albany, Oregon with long-term tenants.
    Where is this pub located?
    The property is located at 214 2Nd Ave SW Albany, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Turnkey investment property completely remodeled in 2023.; - Primary tenant (Greyhound Tavern) with a new 5-year NNN lease at $5,250/month.; - Second tenant (Sugar J’s Ice Cream) with 2.5 years remaining on lease at $1,475/month + $75 utility fee.
    (541) 646-0650
    Request Owner's contact information
    214 2Nd Ave SW Albany, OR 97321
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 2Nd Ave SW
    Albany, OR 97321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    214 2Nd Ave SW Albany, OR 97321
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.