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Multi-Level Office Building
For Sale
$350,000

238 3rd Av SE, Albany, OR 97321

Commercial, Albany, OR

Property Size3,600 SF
Lot Size0.12 Acres
Price / SF$97.22
Days on Market98

Property Features for 238 3rd Av SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning HC
Standard status Active
Size 3,600 SF
Lot size 0.12 Acres

Building Details

Year built 1930
Listing Agency: KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
Listed By: LAURA GILLOTT · License #920300248
Added: Jun 29 Changed: Sep 16 Last Checked: Oct 4 at 9:06PM
MLS# 842704

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 238 3rd Av SE in Albany, this 3,600-square-foot office building occupies a 0.12-acre site and is zoned HC. The multi-level layout is currently configured for office and storage use, with two bathrooms and additional storage rooms. A commercial kitchen includes a compartment sink, stove, and dishwasher, supporting a range of workplace functions.

The upper level features 14-foot vaulted ceilings and Clear Vertical Grain fir flooring. Building systems include two mini-splits for heating and cooling along with an 80% GFA heating system. Additional construction details include a metal roof, wood lap siding, and tile flooring in portions of the basement.

Key Highlights

  • 3,600 SF multi‑level office building on a 0.12‑acre site
  • HC zoning in Albany, Oregon
  • 14' vaulted ceilings on the upper level

Property Analytics

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Current Use

The Shift - Downtown Campus Church Methodist Episcopal Church ... Church

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Butcher Florist Locksmith

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

1,472
Businesses Nearby

Demographics for 97321, OR

30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office and storage property with flexible levels, dedicated support rooms, commercial kitchen, and multiple climate-control systems.
Where is this office building located?
The property is located at 238 3rd Av SE Albany, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,600 SF multi‑level office building on a 0.12‑acre site; HC zoning in Albany, Oregon; 14' vaulted ceilings on the upper level
More about this property
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