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Property profile

1St Ave Albany, OR 97321

OFF-MARKET
Retail properties & Spaces
4,488 SF 0.1 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,488 SF
Lot 0.1 ac (4,356 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1St Ave Albany, OR 97321
Albany metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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