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1215 SHORTRIDGE ST Albany, OR $ 850,000
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1215 SHORTRIDGE ST
$ 850,000
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1215 SHORTRIDGE ST

Albany, OR, 97322
$ 850,000
Bedrooms-- Baths-- Sq 2,768
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Property for Rent in Albany, OR

for $850,000. This 2,768 square foot property was built in 1972 on a lot size of 0.34.

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.

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Rental Active

Price

$ 850,000

Taxes

$ 4,617

Style

Office

Lot Size

0.34

Year Built

1972

Town/City

Albany

County/Region

Linn

MLS | Web ID

453656424
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning OP
Year Built 1972
Sale Includes Building Land Sign
Stories Count 1
Property Subtype Office
Tax Year 2024
Current Use Office Other
Parcel Number 0108478
Gross Income 73107.0
County Linn
Operating Expense 7127.0
Property Type CommercialSale
HOA N
Status Active
Directions Santiam Hwy
City Albany
MLS Area _221
Lot Size Square Feet 14810.0
Listing Terms Cash Other
Tax Annual Amount 4617.13
Property Condition Existing
Lease Type YearsRemaining1to5 NNN
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 6092.0
Legal Description 11S03W09BC
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Exterior
Road Frontage 140
Parking Features OnSite Paved
Water Source PublicWater
Total Parking 19.0
Number of Buildings 2
Building Area Total 2768.0
Lot Size Acres 0.34
Road Surface Type Paved
Other Equipment Fixtures SecuritySystem Sprinkler
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Internal Only
Street Number 1 1215
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* Excluded Features
List By
Rockholtre Llc

Broker

541-250-2826

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/14/2025$850,000 Listed Price

Map

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1215 SHORTRIDGE ST, Albany, OR, 97322 is a Property for Rent at $850,000 with 2,768 sqft and a lot size of 0.34. 1215 SHORTRIDGE ST was built in 1972. The property's zip code is 97322 which is in Albany, OR

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