17Th Ave Albany, OR 97322
- Office Properties & Spaces
- 2,545 SF
- 0.22 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 17Th Ave
- Lot size
- 0.22 lot acres
- Property size
- 2,545 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 2,545 square foot Craftsman-style office building, constructed in 2015, presents a unique investment opportunity in Albany, Oregon. Situated on a 0.22-acre lot, the property boasts a prime location at 17th SE. The building is currently divided into two suites. Suite 102 is occupied by Edward Jones under a triple-net (NNN) lease with a built-in 2% annual rent increase. Suite 101 is currently vacant but is also available for lease on a NNN basis, offering immediate income potential for a new tenant. This presents an excellent opportunity for an owner-user to occupy the high-quality space while simultaneously benefiting from the consistent rental income generated by the existing tenant. The building's meticulous craftsmanship and desirable location make it a rare "pride of ownership" investment in this market. The asking price for this exceptional property is $825,000. The current lease agreement in place provides a stable income stream, making this an attractive proposition for investors seeking a blend of occupancy and rental income. The vacant suite offers flexibility for expansion or additional rental income. This is a truly exceptional opportunity to acquire a high-quality, income-producing office building in a desirable location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Linn
- State
- Oregon
- Longitude
- -123.083
- Latitude
- 44.6259
