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    802 7Th Ave Albany, OR 97321

    For Sale
    $434,000

    0.81 Acres, Pacific Blvd Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.81-acre commercial land parcel in Albany, Oregon, presents a remarkable development opportunity. Located on Pacific Boulevard, the property boasts approximately 200 feet of high-visibility road frontage, ensuring excellent exposure for any business. Convenient paved access is available from 7th Avenue, and an existing paved parking lot is already in place. The lot is fully fenced for security. Previous development plans have undergone a site plan review and are available for review, offering a head start for potential projects. Alternatively, developers can create their own plans, subject to City of Albany approval. The property is zoned Community Commercial, allowing for a wide range of uses. All utilities are readily available on-site, making this a truly move-in ready location. This prime location in Linn County, Oregon, with its 97321 zip code, offers an unparalleled chance to establish a thriving business in a high-traffic area. The asking price is $434,000.

    Property Features for 802 7Th Ave

    General Information

    Property type
    Land
    Lot Size
    35,284 SF

    HighLights

    • 0.81‑acre site on Pacific Boulevard.
    • High visibility location.
    • Excellent development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -123.09510335527
    Latitude
    44.632950407458

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    FAQs

    What type of property is this?
    Land - 0.81 Acres, Pacific Blvd Frontage
    Where is this land located?
    The property is located at 802 7Th Ave Albany, OR.
    What is the asking price?
    The asking price for this property is $434,000.
    What are key features of this property?
    This property features: 0.81-acre site on Pacific Boulevard.; High visibility location.; Excellent development potential.
    (503) 881-7399
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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
    802 7Th Ave Albany, OR 97321
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