1St Ave, Albany, OR 97321
This exceptional 4,488 square foot retail building presents a rare opportunity in Albany, Oregon's vibrant downtown core. Strategically situated between the east and west corridors of Highway 20, this property enjoys a premier location surrounded by thriving businesses and ample parking. The 0.1-acre lot offers significant potential for various commercial uses, though buyer due diligence is recommended to determine suitability. The building is being sold "as is," requiring both interior and exterior renovations to realize its full potential. The existing structure provides a solid foundation for a complete transformation, allowing for customization to meet the needs of a wide range of businesses. Its central location ensures high visibility and accessibility, making it an ideal investment for entrepreneurs seeking a prominent presence in a bustling downtown area. The property's current condition necessitates a comprehensive assessment of renovation needs, and prospective buyers should factor these costs into their investment strategy. This is a chance to acquire a well-positioned commercial space with significant upside, ready for a revitalization that will capitalize on its prime location and high traffic area. The property's potential is undeniable, making it an attractive opportunity for those with a vision for its future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.