424 1St AveAlbany, OR 97321

Property Details for 424 1St Ave

Year built

1980

Lot size

0.08 AC

Property size (Sq ft)

8,619 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

11S 03W 06CD 10401

APU

11S03W06CD10401

Description

This exceptional 5,228 square foot commercial property, located at 424 1st Avenue, Unit 424 in the heart of Albany, Oregon, presents a unique investment opportunity. Built in the 1900s, this classic historical building boasts 7,264 square feet of stunning glass-front retail space, providing unparalleled visibility and street presence. The property features 50 feet of frontage on 1st Street, ensuring maximum exposure to potential customers. Currently configured as a single large space, the layout offers incredible flexibility. The open floor plan is ideal for a variety of retail or commercial uses, and the existing structure allows for easy division into multiple tenant units, maximizing rental income potential. Behind the expansive display area, ample back storage space is available, complemented by two functional loft areas, adding versatility and potential for additional office or storage space. The building's character is further enhanced by its exposed brick and glass construction, creating a unique and attractive aesthetic. The roof is a TPO membrane, approximately 10 years old, ensuring long-term structural integrity. The 0.06-acre lot provides convenient access and ample space for customer parking or outdoor displays. This property is a rare find, combining historical charm with modern functionality in a prime downtown location.

Location Insight

City

Albany

County

Linn

State

Oregon

Latitude

44.6377

Longitude

-123.1

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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