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    601-641 Hickory St Albany, OR 97321

    For Lease
    Contact for pricing

    Prime Albany Medical Office Space Available

    Lot size:
    91,798 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    North Albany Village offers a unique opportunity to lease 1,764 square feet of medical office space in a thriving Linn County location. Situated at 601-641 Hickory St NW, Albany, OR 97321, this property is part of a larger, eight-building complex totaling 91,798 square feet. The building features a single story design and is conveniently located near Hwy 20, offering excellent visibility and accessibility. This particular space is one of 25 suites within the complex and shares a common wall with a Starbucks, ensuring high foot traffic and brand recognition. The property is categorized as Retail, Office, and Restaurant, reflecting its diverse tenant base and versatile potential. The minimum divisible space is 1,764 square feet, which is also the maximum contiguous space currently available. This represents the last remaining space in this upscale grocery-anchored center, making it a highly desirable location for medical professionals seeking a prominent presence in the Corvallis submarket. The property's location in Albany, Oregon, provides access to a strong local market and a convenient commute for patients and staff. This is a rare opportunity to secure a well-located, high-visibility medical office space in a bustling commercial center.

    Property Features for 601-641 Hickory St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    91,798 SF

    Building Details

    Buildings
    8
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 5
    Size
    1,764 SF

    HighLights

    • 1,764 SF medical office space available for lease in a thriving Albany, OR location.
    • Last remaining suite in an eight‑building, 91,798 SF complex anchored by IGA Grocery and Ace Hardware.
    • High‑traffic location adjacent to Starbucks, with other prominent tenants including Momoji, OSU Credit Union, and H&R Block.
    • Excellent visibility and accessibility near Hwy 20, including electronic pylon signage.
    • Serves the Albany and Corvallis markets.
    • Contact (541) 754‑6320 for pricing and incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.1116684
    Latitude
    44.6443766

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    FAQs

    What type of property is this?
    Restaurant - Prime Albany Medical Office Space Available
    Where is this restaurant located?
    The property is located at 601-641 Hickory St Albany, OR.
    What are key features of this property?
    This property features: 1,764 SF medical office space available for lease in a thriving Albany, OR location.; Last remaining suite in an eight-building, 91,798 SF complex anchored by IGA Grocery and Ace Hardware.; High-traffic location adjacent to Starbucks, with other prominent tenants including Momoji, OSU Credit Union, and H&R Block.
    Request Owner's contact information
    601-641 Hickory St Albany, OR 97321
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    Albany, OR 97321
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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
    601-641 Hickory St Albany, OR 97321
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