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Heritage Plaza Corner Opportunity
For Sale
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Pending

1880 14th Ave SE, Albany, OR 97322

Commercial property in Heritage Plaza, Albany, OR, 50% leased.

Property Size39,746 SF
Lot Size22.00 Acres
Days on Market182

Property Features for 1880 14th Ave SE

General Information

Standard status Pending
Size 39,746 SF
Lot size 22.00 Acres
Property subtype Retail
Zoning Regional Commercial (RC)
Occupancy 50%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 2000
Year Renovated 2025
Buildings 1
Stories 1
Units 2
Tenancy Single
Listing Agency: Capacity Commercial Group
Listed By: Ashton Summers · License #201217697
Source: Crexi
Added: Feb 19 Changed: Aug 8 Last Checked: Jul 24 at 4:38PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

Located within Heritage Plaza in Albany, Oregon, Heritage Plaza Corner offers an opportunity to acquire a commercial property. The property is 50% leased and is part of a master-planned community consisting of 12 buildings with over 220,000 square feet on 22 acres. The community is built adjacent to Heritage Mall, a regional mall providing retail, dining, and entertainment options for Albany residents and the surrounding areas. Situated at the southwest corner of Heritage Plaza, the property provides convenient access to Interstate 5 (I-5) on- and off-ramps, connecting to 70,764 vehicles per day. The property is suitable for both owner-users and investors. Visitor traffic has increased due to new retailers establishing themselves within Heritage Plaza. The community center attracts over 2,700,000 annual visitors due to retail synergies among tenants. Anchor tenants include Planet Fitness, Marshalls, Safeway, and Grocery Outlet, supported by Burger King, Applebee’s, Del Taco, and Xfinity. The property has a size of 39,746 square feet.

Key Highlights

  • Located in Heritage Plaza, a master‑planned community.
  • Convenient access to Interstate 5 (I‑5) with 70,764 VPD.
  • High visitor traffic of over 2,700,000 annually.

Property Analytics

Current Use

Planet Fitness Gym & Fitness Center

Suggested Use

Top Pick Law Firm HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Daycare Center

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

1,135
Businesses Nearby
382k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 38% Groceries 35% Apparel 9% Home Improvements & Furnishings 6%
Fred Meyer Groceries
80,246 visits/mo 0.4 miles
Safeway Groceries
44,335 visits/mo 0.1 miles
Marshalls Apparel
34,188 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
24,472 visits/mo 0.5 miles
Red Robin Gourmet Burgers Dining
22,797 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

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

What type of property is this?
Shopping center - Commercial property in Heritage Plaza, Albany, OR, 50% leased.
Where is this shopping center located?
The property is located at 1880 14th Ave SE Albany, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Located in Heritage Plaza, a master‑planned community.; Convenient access to Interstate 5 (I‑5) with 70,764 VPD.; High visitor traffic of over 2,700,000 annually.
(503) 747-9586 Call to check price and availability
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