The Historic J.C. Penney Building is Up For Sale

23,000 SF

100% Leased – Retail Building – $6,102,000 ($265/SF)

5.50% Cap Rate

“Prime investment opportunity, this mixed-use retail/ office building is one of Albany, Oregon’s finest properties. The building was thoughtfully restored in 2010, storefronts feature large opening windows and were updated with a fresh paint scheme in 2022. A busy, full-service salon occupies part of the main floor, basement and a portion of the mezzanine. There are also legal, insurance, title, and finance companies in the building. The property has thrived with 100% occupancy for 6+ years. The property is the perfect acquisition for any first-time or seasoned investor to add to their portfolio.”

CONTACT:

RSM Real Estate Group: (541) 979-8005

Listing information: (LISTING)