14th St & Waverly Dr Albany, OR 97322
This exceptional retail property, located at the intersection of 14th St and Waverly Dr in Albany, Oregon (zip code 97322), offers 6,000 square feet of vacant space in a thriving shopping center. The property is situated in Linn County and benefits from high visibility due to its location on Waverly Drive and Santiam Highway, two major Albany thoroughfares. Santiam Highway provides convenient access to Interstate 5, connecting Albany to Corvallis and beyond. The center underwent a complete remodel in 2014 and is currently home to a diverse range of established businesses, including Sportsman's Warehouse, Dollar Tree, Rite-Aid, Aaron's, and Carl's Jr., ensuring a strong tenant mix and high foot traffic. Multiple spaces are available, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 3,500 square feet. This presents a unique opportunity for businesses seeking a prominent location within Albany's bustling retail core, close to Heritage Mall. The property's excellent visibility and established tenant base make it an ideal investment for retailers seeking to establish or expand their presence in this dynamic market. The property is classified as retail, with a subtype of "Others," and is suitable for multiple tenants.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.