423 2Nd Ave Albany, OR 97321
- Investment properties
- 5,000 SF
Current Use by Public Records
- Stop-N-Save #9 / Convenience Store
Property Details for 423 2Nd Ave
- Property size
- 5,000 SF
- Property type
- Investment properties
Description
This exceptional business opportunity encompasses a substantial 5,000 square foot building located at 423 SE 2nd Ave Unit 423, Albany, OR. Currently operating as a deli, the property boasts an incredibly low monthly rent of $2,300, representing a significant advantage for potential buyers. The building includes a walk-in cooler, ample private parking, extensive storage rooms, and a garage, providing excellent operational functionality. A small hood system is already installed, facilitating hot deli offerings. While current daily sales are approximately $1,300 (previously higher with full inventory), the low inventory presents a clear opportunity for growth and increased profitability under new ownership. The asking price is $149,000, with seller financing available requiring a $100,000 cash down payment. This presents a compelling investment opportunity in a prime Albany location, offering substantial space, established operations, and significant potential for return. The property is situated in a convenient and accessible location, making it an attractive proposition for both established businesses and new ventures. The low rent and existing infrastructure significantly reduce initial investment costs, allowing for a quicker path to profitability. This is a rare chance to acquire a well-situated, established business with considerable upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Linn
- State
- Oregon
- Longitude
- -123.1
- Latitude
- 44.6374
