1 1St Ave, Albany, OR 97321
This exceptional 7,264 square foot retail property presents a rare opportunity in the heart of downtown Albany, Oregon. Built in the 1900s, this classic building boasts stunning architectural details, including exposed brick and expansive glass frontage along 50 feet of 1st Street. The current configuration offers a large, open floor plan ideal for a single tenant, but the space is easily divisible to accommodate multiple tenants, providing significant flexibility for future use. The property includes ample back storage space, perfect for inventory or additional operational needs. Two loft areas add unique character and potential for office space or additional retail display. The roof is a TPO membrane, approximately 10 years old, ensuring long-term structural integrity. Situated on a 0.12-acre lot, this property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. Its prime downtown location ensures high foot traffic and exposure to a thriving community. This is a truly unique opportunity to acquire a piece of Albany's history and establish a thriving business in a vibrant urban setting. The asking price is $699,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.