220 2nd Ave SW - Restaurant FOR SALE


Albany, OR 97321
$930,000 USD
503-390-6060
220 2nd Ave SW, Albany, OR for Sale
$930,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

220 2nd Ave SW
Albany, OR 97321


OVERVIEW

Turnkey investment in up & coming downtown Albany, OR! This multi-tenant space was completely remodeled in 2023, including a new TPO membrane roof, new electrical service, major plumbing updates and modern finishes throughout. The primary tenant, Greyhound Tavern just signed a 5 year NNN lease at $5,250/mo. Sugar J's Ice Cream is leased for 2 more years at $1475/mo. The Greyhound Tavern is over 5,000 SF and includes a custom wood fired pizza oven, plenty of seating/event space & a stage for entertainment!

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,081 SF

ZONING

HD

APN/PARCEL ID

0081584

ASK ABOUT THIS PROPERTY

Jordan SparksSMI Real EstateMore Info
503-390-6060

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Jordan SparksSMI Real EstateMore Info
503-390-6060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.