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Listing provided courtesy of SMI REAL ESTATE: 503-390-6060.

220 SW 2nd

Albany, OR 97321
  • $970,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 825117
UPDATED: 151 min ago
$970,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,854
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1920
County:

School Ratings & Info

Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2025 Willamette Valley Multiple Listing Service



Description

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 anchor 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!

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Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-02-12T00:09:14.593.
www.willamettevalleyhouses.com/homes/159942122
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220 SW 2nd Albany, OR 97321

  • Price: $970,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 151 min ago
  • MLS #: 825117
0
Beds
0
Baths
0
½ Baths
0.16
Acres
3,854
SQFT
$252
$/SQFT
1920
Built
Neighborhood:
80 LINN COUNTY
County:
Linn
Area:
80 LINN COUNTY
Property Description
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 anchor 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!
Exterior Features

Building1 Info Sugar J's appx. 1475 SF Building2 Info Greyhound appx. 5379 SF Foundation Slab Railroad No Roof Other (Refer to Remarks) Signage Yes Trailer Parking No

Interior Features

Fire System Sprinkled

Property Features

Assessments Or Liens No Commercial Type Business Opportunity Confidentiality Agreement Required No Cross Street SW Ellsworth St Exclusions Tenant owned assets and personal property High Speed Comm Access Available New Construction No Owner Managed Yes Owner Occupied No Possession COE Property Name 220 SW 2nd Ave Albany Property Use Type BusinessInvestment Seller To Do1031 No Sewer City Source Of Square Feet County Tax Amount 10042 Tax Years 2024 Tenancy Multiple Terms Seller Will Consider CashConventional Water City

© 2025 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-02-12T00:09:14.593.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2025 Willamette Valley Multiple Listing Service