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214 2Nd Ave SW Albany, OR 97321

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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

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.
More about this property
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