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Listed by RockholtRE LLC • 541-250-2826
$850,000
Est. payment /mo
2,768 SqFt
Active
1215 SHORTRIDGE ST Albany, OR 97322
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,768 sqft
Price per Sqft $307
MLS Listing ID 453656424
Year Built 1972
Annual Tax Amount $4,617
Tax Year 2024
Lot Size 0.340 Acres
Property Sub-Type Office
Property Description
Solid 7.7% cap rate from this mixed commercial/residential income property. Both buildings are leased. 3 yrs of 5 left on the commercial NNN lease with 3% annual increases. The 1 yr res lease just started. Res pays their utilities. No deferred maintenance. Fantastic high traffic location half a block off Santiam Hwy with signage visible from the Hwy.
Location
State OR
County Linn
Area _221
Zoning OP
Interior
Heating Forced Air
Cooling Central Air
Equipment Fixtures, SecuritySystem, Sprinkler
Exterior
View City, Territorial
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
