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Property profile

1 1St Ave Albany, OR 97321

OFF-MARKET
Retail properties & Spaces
7,264 SF 0.12 ac lot
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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

Location

1 1St Ave Albany, OR 97321
Albany metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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