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    220 6Th Ave Albany, OR 97321

    Sponsored
    For Sale
    $1,649,000

    10,840 SF Executive Office, 100% Occupied

    Property size:
    10,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story office building, located at 220 6th Avenue SW in Albany, Oregon, presents a compelling investment opportunity. Boasting 10,840 square feet of space, with 8,349 square feet of net rentable area, the property is currently 100% occupied, offering immediate cash flow. Built in 1998, this stabilized investment features a gorgeous brick exterior and is situated on a 14,891 square foot lot. The building is fully handicap accessible, including a ramp and accessible restrooms, and offers the convenience of over 20 on-site concrete paved parking spaces. Modern amenities include a comfortable HVAC system throughout all three floors and an elevator for easy access to all levels. The property is zoned Albany-LE and features a recently updated interior. The asking price for this turnkey executive office building is $1,649,000. This prime downtown Albany location provides excellent visibility and accessibility. The property's strong occupancy rate and desirable features make it an ideal investment for discerning buyers seeking a stable and profitable commercial real estate asset. The Linn County location and convenient access to amenities further enhance its appeal.

    Property Features for 220 6Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,840 SF

    Building Details

    Year Built
    1998
    Stories
    3

    HighLights

    • Three‑story elevator building.
    • Over 20 on‑site paved parking spaces.
    • Handicap‑accessible with ramp and restrooms.
    • HVAC system throughout.
    • Recently updated interior.
    • Asking price: $1,649,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tammi Austin with ... Mortgage Lender L. Sager-Kottre Attorney Detox Partners Counselor Ticor Title Title Company Platinum Mortgage - Albany Mortgage Lender

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.1055098
    Latitude
    44.6330715

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    FAQs

    What type of property is this?
    Office Property / Space - 10,840 SF Executive Office, 100% Occupied
    Where is this office property / space located?
    The property is located at 220 6Th Ave Albany, OR.
    What is the asking price?
    The asking price for this property is $1,649,000.
    What are key features of this property?
    This property features: Three-story elevator building.; Over 20 on-site paved parking spaces.; Handicap-accessible with ramp and restrooms.
    (541) 914-5255
    Request Owner's contact information
    220 6Th Ave 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
    220 6Th Ave Albany, OR 97321
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