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Multi-Suite Office Building
For Sale
$1,295,000

425 2nd Ave, Albany, OR 97321

Fully leased office property with individual workspaces in downtown Albany.

Property Size14,702 SF
Price / SF$88.08
Days on Market26

Property Features for 425 2nd Ave

General Information

Standard status Active
Size 14,702 SF
Property subtype Mixed Use
Occupancy 100%

Additional Details

Office Units 19

Building Details

Year Built 1955
Buildings 1
Listing Agency: EXP REALTY, LLC
Listed By: ANDREA BEEM · License #200805169
Source: Wisser
Added: Aug 7 Changed: Aug 30 Last Checked: Aug 31 at 7:36PM

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 EXP REALTY, LLC

Investment Insights

Based on property information with market context.

This office building contains 19 individual office spaces within 14,702 square feet. The property was constructed in 1955 and is currently fully leased, providing an established multi-suite configuration for office users.

Located in downtown Albany, the building offers a centralized setting for its existing office occupancy. Interior improvements have been completed, although specific upgrade details are not provided.

Key Highlights

  • 19 individual office spaces
  • 14,702 SF office building
  • Fully leased property

Property Analytics

Current Use

Hunking Law, LLC Law Firm Raybar Professional Center Business Service Center Boy Scouts of America, ... Child Welfare Organization Kyler Gulaskey, Licensed ... Real Estate Agency Nuclear Medicine Consltng ... Medical Clinic

Suggested Use

Top Pick Pharmacy HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Office units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,482
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 building - Fully leased office property with individual workspaces in downtown Albany.
Where is this office building located?
The property is located at 425 2nd Ave Albany, OR.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 19 individual office spaces; 14,702 SF office building; Fully leased property
More about this property
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