220 6Th AveAlbany, OR 97321

Property Details for 220 6Th Ave

Year built

1998

Lot size

0.34 AC

Property size (Sq ft)

10,854 SF

Property type

Office properties

APN

11S 03W 07BB 09700

APU

11S03W07BB09700

Description

This exceptional three-story office building, located at 220 6th Avenue SW in Albany, Oregon, presents a compelling investment opportunity. Boasting 10,840 square feet of space, with 8,349 square feet of net rentable area, the property is currently 100% occupied, offering immediate cash flow. Built in 1998, this stabilized investment features a gorgeous brick exterior and is situated on a 14,891 square foot lot. The building is fully handicap accessible, including a ramp and accessible restrooms, and offers the convenience of over 20 on-site concrete paved parking spaces. Modern amenities include a comfortable HVAC system throughout all three floors and an elevator for easy access to all levels. The property is zoned Albany-LE and features a recently updated interior. The asking price for this turnkey executive office building is $1,649,000. This prime downtown Albany location provides excellent visibility and accessibility. The property's strong occupancy rate and desirable features make it an ideal investment for discerning buyers seeking a stable and profitable commercial real estate asset. The Linn County location and convenient access to amenities further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,994,018

  6.5%

  $1,840,632

  7%

  $1,709,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,709,549

  Geo Method

  $2,781,120

• Alternative Use

  Use

  Valuation

  Residential

  $2,282,384

  Hospitality

  $2,090,651

  Educational

  $1,739,397

  Medical

  $1,799,218

  Retail

  $2,705,729

Location Insight

City

Albany

County

Linn

State

Oregon

Latitude

44.6331

Longitude

-123.106

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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