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    214 2nd Ave SW Albany, OR

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    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:
    435
    Last Refresh:
    Apr 5 at 10:50 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

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    Listing Contact
    Jordan Sparks
    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


    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.106
    Latitude
    44.6362

    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 Call to check price and availability
    More about this property
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