Turnkey investment in up-and-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 the 2nd tenant with 2.5 years left on a 3-year lease at $1475/mo.+ $75 utility fee. Greyhound Tavern is over 5,000 SF & includes a custom wood-fired pizza oven and event space! Please do not disturb the tenants.

Located in Historic Downtown Albany, filled with shopping, dining, professional services and is known as the civic, commercial and social center of Albany. Downtown Albany is designated a National Register Historic District and includes many historic buildings in a variety of architectural styles.

See full listing and 50 photos at: https://smire.com/property/220-sw-2nd-ave-albany-or-97321

Price: $850,000
Size: 6,854
Acres: 0.16
Zone: Historic Downtown

SMI Realty
Jordan Sparks, Broker
cell: 541.646.0650
email: jordan@smire.com

Aaliyah McPhee, Broker
cell: 541.619.5252
email: aaliyah@mcpheerealestate.com