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Heritage Plaza Corner Opportunity
For Sale
$5,000,000

1880 14th Avenue Southeast, Albany, OR 97322

Commercial property in Albany, OR with high traffic volume.

Property Size39,213 SF
Days on Market168

Property Features for 1880 14th Avenue Southeast

General Information

Standard status Active
Size 39,213 SF
Property subtype Retail

Building Details

Building Size 39,213 SF
Year Built 2000
Listing Agency: Capacity Commercial Group
Listed By: Ashton Summers · License #201217697
Source: Corfac
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:09AM

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.

The property is a commercial property located within Heritage Plaza in Albany, Oregon. It is situated at the southwest corner of Heritage Plaza, offering convenient access to on- and off-ramps intersecting Interstate 5 (I-5), connecting to 70,764 vehicles per day. The property is currently 50% leased, presenting an opportunity for either investment or owner-user occupancy. The location benefits from 2.7 million visitors to Heritage Plaza and synergy with national tenants. The property has abundant parking.

Key Highlights

  • 50% leased investment or owner‑user opportunity
  • Convenient access to Interstate 5 (I‑5) with 70,764 VPD
  • 10‑year NNN lease

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

1,264
Businesses Nearby
605k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 37% Groceries 22% Shops & Services 19% Apparel 12%
Fred Meyer Groceries
80,246 visits/mo 0.3 miles
Safeway Groceries
44,335 visits/mo 0.1 miles
Marshalls Apparel
34,188 visits/mo 0.1 miles
Dollar Tree Shops & Services
28,525 visits/mo 0.5 miles
Wendy's Dining
25,447 visits/mo 0.4 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Commercial property in Albany, OR with high traffic volume.
Where is this shopping center located?
The property is located at 1880 14th Avenue Southeast 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: 50% leased investment or owner‑user opportunity; Convenient access to Interstate 5 (I‑5) with 70,764 VPD; 10‑year NNN lease
More about this property
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