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Multi-Level Office and Storage Building
For Sale
$375,000

238 3rd Av SE, Albany, OR 97321

Commercial, Albany, OR

Property Size3,600 SF
Lot Size0.12 Acres
Price / SF$42.30
Days on Market53

Property Features for 238 3rd Av SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning HC
Standard status Active
Size 8,866 SF
Lot size 0.12 Acres

Amenities

commercial kitchen

Building Details

Year built 1930
Listing Agency: KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
Listed By: LAURA GILLOTT · License #920300248
Added: Jun 29 Changed: Aug 19 Last Checked: Aug 20 at 6:06AM
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.

Historic Albany property built around 1900 offering 3,600 SF of multi-level office and storage space. The top level features 14' vaulted ceilings and clear vertical grain fir flooring. Heating and cooling are provided by two mini-splits, plus an 80% GFA heating system.

The basement level includes some tile flooring and a commercial kitchen area with a compartment sink, stove, and dishwasher. The building also has two bathrooms and additional storage rooms. Exterior improvements include a metal roof and wood lap siding.

The site sits on a 0.12-acre lot and is zoned HC, supporting flexible use for office and storage operations.

Key Highlights

  • 3,600 SF multi‑level office and storage building
  • Top level: 14' vaulted ceilings and clear vertical grain fir flooring
  • Two mini‑splits plus an 80% GFA heating system

Property Analytics

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Multi-level office and storage building in HC zoning with vaulted ceilings and a metal roof.
Where is this office units located?
The property is located at 238 3rd Av SE Albany, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,600 SF multi‑level office and storage building; Top level: 14' vaulted ceilings and clear vertical grain fir flooring; Two mini‑splits plus an 80% GFA heating system
More about this property
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