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Bike N Hike 424 1st Ave SW 7,264 SF Retail Building Albany, OR 97321 $649,000 ($89.34/SF)
Executive Summary
Classic Historical downtown building with 7,264 SF of glass front retail. 1900's construction of exposed brick and glass with 50' of 1st street frontage. Currently one space with the opportunity to divide into 2 multi-tenant units. Large open splay floor with back storage and two loft spaces. TPO membrane roof approximately 10 year. Owner will carry with a Note and Trust Deed with 25% down balloon in 3 years.
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
7,264 SF
Year Built/Renovated
1900/2014
Price
$649,000
Price Per SF
$89.34
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
HD - Down Town central business zoning.
Frontage
50’ on SW 1St Ave
Amenities
- Mezzanine
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0081352 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $147,930 |
Property Taxes
Parcel Number
0081352
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$147,930
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Bike N Hike | 424 1st Ave SW
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