Historic J.C. Penney Building For Sale

Historic J.C. Penney Building For Sale

For Sale

317 1st Avenue W, Albany OR 97321


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.”



RSM Real Estate Group: (541) 979-8005

Listing information: (LISTING)




Listing Type

For Sale

Property Type





23000 SQ. FEET

Contact Information

McKenna Mikesell
(541) 928-1706

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