340 SW Washington St, Albany, OR 97321

 Details

Price$550,000
Size2,955 SF
Acres0.12
ZoneHD

Property Highlights

  • 2,955 SF brick commercial building on 0.12 AC in Albany’s Historic Downtown (HD zoning)
  • Fully remodeled to stud walls and roof framing in 1998
  • Newer exterior and new roof in 2025
  • Configured as three separate suites, each with private entrance, restroom, HVAC, and signage
  • 5 on-site parking spaces
  • Excellent fit for professional office, boutique retail, or service-oriented business


Owner-User Opportunity

  • Largest suite (1,450 SF) is intentionally held vacant for an owner-user
  • Rare ability to own vs. lease in a high-visibility downtown location
  • Occupy the primary suite while maintaining income from the other two


In-Place Income Supporting Ownership

  • Two established, recognizable tenants: Edward Jones and Habitat for Humanity
  • Combined gross monthly income of $2,335
  • Stable, service-oriented tenants with strong ties to the community
  • Rental income meaningfully offsets the cost of ownership for an owner-occupant

ERIC SWANSON
BROKER
LICENSED IN THE STATE OF OREGON

541.990.3795 CELL
eric@smire.com