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Restaurant Building with Event Space

1236-1238 Price Rd SE, Albany, OR 97322

For Sale
New
$3,600,000

The multi-level layout includes a banquet area, commercial kitchen facilities, lounge space, private offices, and storage.

Property SizeContact for details
Lot Size1.21 Acres
Days on Market6

Property Features for 1236-1238 Price Rd SE

General Information

Standard status Active
Total Parking Spaces 45
Lot size 1.21 Acres
Property subtype Commercial

Building Details

Year Built 1966
Buildings 1
Tenancy Multiple, Single
Listing Agency: NED BAKER REAL ESTATE
Listed By: Levi Wilson · License #200111024
Source: Nedbaker.idxbroker
Added: Nov 4 Changed: Nov 9 Last Checked: Nov 8 at 2:21AM

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 NED BAKER REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

Built in 1966, this restaurant property occupies 1.21+- acres. Its multi-level layout includes an event and banquet room, kitchen and food-preparation areas, waiter stations, two walk-in coolers, and one walk-in freezer. The upper floor contains lounge and gaming areas along with a dance and entertainment floor. Private offices and storage are located on the lower level.

Key Highlights

  • 1.21+- acres
  • Restaurant layout includes a separate event and banquet room
  • Kitchen and prep areas with waiter stations

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Gym & Fitness Center Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 61% Home Improvements & Furnishings 18% Dining 10% Shops & Services 9%
Walmart Superstores
104,417 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
31,235 visits/mo 0.3 miles
Denny's Dining
12,844 visits/mo 0.1 miles
Chevron Shops & Services
8,768 visits/mo 0.3 miles
Abby's Legendary Pizza Dining
4,396 visits/mo 0.5 miles

Demographics for 97322, OR

37,148
Population
14,867
Households
2.5
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
63.3 sq mi
ZIP Area
587
Density / Sq Mi
$68,536
Median Household Income
$43,530
Median Earnings
$1,335
Median Rent
$321,200
Median Home Value

Market

Average Price Trend$/SF for Restaurants in Linn County, OR

$164 Jul
$200 Aug
$206 Sep
$254 Oct

Properties on Market for Restaurants in Linn County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Restaurant - The multi-level layout includes a banquet area, commercial kitchen facilities, lounge space, private offices, and storage.
Where is this restaurant located?
The property is located at 1236-1238 Price Rd SE Albany, OR.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 1.21+- acres; Restaurant layout includes a separate event and banquet room; Kitchen and prep areas with waiter stations
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