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    OFF-MARKET
    Retail properties & Spaces

    1St Ave, Albany, OR 97321

    4,488 SF 0.1 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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