905 Queen AveAlbany, OR 97321

Property Details for 905 Queen Ave

Year built

1957

Lot size

0.11 AC

Property size (Sq ft)

1,093 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

11S 04W 12DA 17600

APU

11S04W12DA17600

Description

This exceptional 1,093 square foot medical office building, located at 905 QUEEN Ave Unit 905 in Albany, Oregon, presents a fantastic opportunity for both established businesses and new ventures. Priced at $315,000, this turnkey property sits on a 0.11-acre lot and boasts a highly functional layout perfectly suited for a variety of medical or traditional office uses. The current configuration includes a welcoming reception area, a private office ideal for administrative tasks or consultations, and eight well-appointed patient rooms. This ensures ample space for patient interaction and efficient workflow. The property also offers the significant advantage of convenient on-site parking, with eight owned spaces supplementing the readily available street parking. This turnkey solution eliminates the need for extensive renovations or upgrades, allowing immediate occupancy and a swift transition to operations. The property's location within a thriving community provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in the Albany market. This is an exceptional opportunity to acquire a well-maintained, functional, and conveniently located office building. Don't miss out on this chance to secure your business's future in a prime Albany location.

• CAP approach

  CAP return

  Valuation

  6%

  $200,798

  6.5%

  $185,352

  7%

  $172,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $172,152

  Geo Method

  $280,059

• Alternative Use

  Use

  Valuation

  Residential

  $229,837

  Hospitality

  $210,529

  Educational

  $175,158

  Medical

  $181,182

  Retail

  $272,467

Location Insight

City

Albany

County

Linn

State

Oregon

Latitude

44.624

Longitude

-123.113

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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