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1215 Shortridge St, Albany, OR

$850,000

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2,768

Square feet

0.34

Acres

About 1215 Shortridge St

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.

Features of 1215 Shortridge St

MLS® # 453656424
Price $850,000
Bathrooms 0.00
Square Footage 2,768
Acres 0.34
Year Built 1972
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 1215 Shortridge St
Area 221 - Linn County
City Albany
County Linn
State OR
Zip Code 97322

Amenities

Parking Spaces 19
Parking On Site, Paved
View Territorial, City
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Roof Composition

Additional Information

Date Listed March 14th, 2025
Days on Market 227
Zoning OP
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRockholtRE LLC
Contact Info541-250-2826

Listing Map

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