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    14th St & Waverly Dr Albany, OR 97322

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space in prime Albany location.

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at the intersection of 14th St and Waverly Dr in Albany, Oregon (zip code 97322), offers 6,000 square feet of vacant space in a thriving shopping center. The property is situated in Linn County and benefits from high visibility due to its location on Waverly Drive and Santiam Highway, two major Albany thoroughfares. Santiam Highway provides convenient access to Interstate 5, connecting Albany to Corvallis and beyond. The center underwent a complete remodel in 2014 and is currently home to a diverse range of established businesses, including Sportsman's Warehouse, Dollar Tree, Rite-Aid, Aaron's, and Carl's Jr., ensuring a strong tenant mix and high foot traffic. Multiple spaces are available, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 3,500 square feet. This presents a unique opportunity for businesses seeking a prominent location within Albany's bustling retail core, close to Heritage Mall. The property's excellent visibility and established tenant base make it an ideal investment for retailers seeking to establish or expand their presence in this dynamic market. The property is classified as retail, with a subtype of "Others," and is suitable for multiple tenants.

    Property Features for 14th St & Waverly Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Retail #1235
    Size
    21,339 SF
    Space
    Retail #1310
    Size
    2,500 SF
    Space
    Pad Space
    Size
    3,500 SF

    HighLights

    • 6,000 SF vacant retail space available in Albany, OR (97322) shopping center.
    • High‑visibility location at 14th St & Waverly Dr, near I‑5 access.
    • 2,500 SF minimum divisible space; up to 3,500 SF contiguous space available.
    • Strong tenant mix including Sportsman's Warehouse, Dollar Tree, Rite Aid, and others.
    • Pad site available, buildable up to 3,500 SF with drive‑thru potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.07308865114
    Latitude
    44.630462335449

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space in prime Albany location.
    Where is this retail property located?
    The property is located at 14th St & Waverly Dr Albany, OR.
    What are key features of this property?
    This property features: 6,000 SF vacant retail space available in Albany, OR (97322) shopping center.; High-visibility location at 14th St & Waverly Dr, near I-5 access.; 2,500 SF minimum divisible space; up to 3,500 SF contiguous space available.
    Request Owner's contact information
    14th St & Waverly Dr Albany, OR 97322
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    Albany, OR 97322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14th St & Waverly Dr Albany, OR 97322
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