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For sale
Pubs
OR
Albany
210-216 2nd Ave SW

Remodeled Multi-Tenant Albany Investment Property

214 2nd Ave SW, Albany, OR

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For Sale

Contact for pricing

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

Type:RETAIL

Property size:

6,854 SF

Lot size:

0.16 Acres

Price / SF:

$124/SF

HighLights

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.
New TPO membrane roof, new electrical service, and major plumbing updates.
Greyhound Tavern occupies over 5,000 SF and includes a custom wood‑fired pizza oven and event space.
Located in up‑and‑coming downtown Albany, OR.

We can help!

Listing Contact

Jordan Sparks

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

6,854 SF

Lot size:

0.16 Acres

Price / SF:

$124/SF

Added:: Feb 19, 2025
Days on Market:: 481
Last Refresh:: May 20 at 8:37 pm

Property Features for 214 2nd Ave SW

General Information

Standard status: Active
Size: 6,854 SF
Lot size: 0.16 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jordan Sparks

Listing agent Jordan Sparks

Listing office SMI Real Estate

Listing date Feb 19, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of SMI Real Estate

HighLights

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.
New TPO membrane roof, new electrical service, and major plumbing updates.
Greyhound Tavern occupies over 5,000 SF and includes a custom wood‑fired pizza oven and event space.
Located in up‑and‑coming downtown Albany, OR.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Sugar J's Ice ... Grocery & Convenience Store

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Linn
State: Oregon
Longitude: -123.106
Latitude: 44.6362

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For sale
Pubs
OR
Albany
210-216 2nd Ave SW

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.

214 2nd Ave SW, Albany, OR

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

Property Features for 214 2nd Ave SW

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Duplex with Outbuildings

Two-Story Triplex with Attached Garages

Historic Church with Classrooms

Multi-Tenant Commercial Building

Two-Unit Duplex with Backyard Access

High Visibility Retail/Office Space

Light Industrial Building Investment Opportunity

Restaurant/Bar Business for Sale

Albany Industrial Outdoor Storage Site

Jack in the Box Ground Lease

Historic Albany Building For Sale

High Visibility Retail/Office Space

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