Investment Overview

Marcus & Millichap has been exclusively chosen to market the 1st Avenue Tower, a premier investment opportunity situated in the heart of Albany, Oregon, the county seat of Linn County. Originally constructed in 1900, the building underwent major renovations in 2010, which included converting the upper floor into two modern apartments. This historic property spans 6,900 square feet of mixed-use space on a 0.1-acre lot, housing four distinct suites occupied by Camille’s Bistro, Sweet Easy, and two multifamily units. The building’s charm is enhanced by its original brick and wood flooring, tall ceilings, and skylights, reflecting Albany’s rich architectural heritage. Located in historic downtown Albany, it benefits from high visibility with over 22,000 vehicles passing by on the Albany-Corvallis Highway and more than 6,000 vehicles daily on West 1st Avenue, ensuring consistent foot traffic and a prime setting for retail and residential tenants. The 1st Ave Tower stands as a notable historical building of Oregon, embodying the unique architectural style of the past while integrating modern upgrades. In 2023, one of its commercial suites saw enhancements to its bar area, adding to the property’s appeal. Situated in a vibrant downtown area, the building enjoys a steady influx of visitors attracted to the district’s eclectic mix of shops, dining, and cultural attractions. This investment offers a rare blend of stable income from established tenants and potential for value appreciation in a growing market. With its prime location and historical allure, the 1st Ave Tower is a standout investment in a thriving community.