Shopping Strip Center with
For Sale
Contact for pricing
1709 Hill St SE, Albany, OR 97322
Shopping strip center over 32,000 SF, 100% leased, with an additional outpad area not separately parceled.
Property Size32,000 SF
Days on Market120
Property Features for 1709 Hill St SE
General Information
Standard status
Active
Size
32,000 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
1960
Listing Agency:
CBRE - Portland
Listed By:
Joseph Blatner · License #OR 980500024, NV S.0196647
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 12:39PM
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 CBRE - Portland
Investment Insights
Based on property information with market context.
This shopping strip center totals just over 32,000 square feet and is currently 100% leased. Originally built in 1960, the property has received periodic renovations over time to help maintain full occupancy. An outpad is included on site but is not separately parceled, and both the center and outpad leases are currently well below market and not reimbursing expenses.
The property is located directly off Queen Avenue, a popular east/west thoroughfare that connects to Highway 99E to the west. It sits at a four-way lighted intersection and benefits from high visibility along Queen Avenue, Hill Street, and 18th Avenue, each providing points of ingress/egress.
Some leases are scheduled to come due within the next year, which may affect future income and tenant mix. Heritage Mall, a 400,000+ square foot shopping mall with more than 50 stores and 50+ national retailers, is located less than a mile northeast from the property.
The property is located directly off Queen Avenue, a popular east/west thoroughfare that connects to Highway 99E to the west. It sits at a four-way lighted intersection and benefits from high visibility along Queen Avenue, Hill Street, and 18th Avenue, each providing points of ingress/egress.
Some leases are scheduled to come due within the next year, which may affect future income and tenant mix. Heritage Mall, a 400,000+ square foot shopping mall with more than 50 stores and 50+ national retailers, is located less than a mile northeast from the property.
Key Highlights
- Shopping strip center with over 32,000 SF of improvements
- Currently 100% leased; leases are well below market and not reimbursing expenses
- Some leases are scheduled to come due within the next year
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
130k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Home Improvements & Furnishings 19%
Shops & Services 17%
Apparel 13%
Wendy's
Dining
25,447 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
24,472 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
19,722 visits/mo
0.3 miles
Goodwill
Apparel
16,684 visits/mo
0.5 miles
Starbucks
Dining
13,264 visits/mo
0.2 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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Shopping strip center over 32,000 SF, 100% leased, with an additional outpad area not separately parceled.
Where is this strip mall located?
The property is located at 1709 Hill St SE Albany, OR.
What are key features of this property?
This property features: Shopping strip center with over 32,000 SF of improvements; Currently 100% leased; leases are well below market and not reimbursing expenses; Some leases are scheduled to come due within the next year
