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    OFF-MARKET
    Retail properties & Spaces

    1 1St Ave, Albany, OR 97321

    7,264 SF 0.12 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,264 SF
    Lot 0.12 ac (5,227 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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