3.54 ACRES ALBANY 1755 Geary Street SE, Albany, Oregon 97322 - Multi-Use - LoopNet
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3.54 ACRES • ALBANY
1755 Geary Street SE, Albany, Oregon 97322
Multi-Use
Investment Real Estate • www. hfore.com • (503) 241.5541
ALBANY, OREGON • 3.54 ACRES
PRICE SUMMARY This level 3.54 acre parcel is centrally located in downtown Albany with easy access to I-5,
Price: $2,100,000 just a few blocks away from the area’s most extensive regional shopping center, anchored
by Target, Safeway, Fred Meyer, Marshalls, and Lowes. Albany continues to experience
Price Per Sq. Ft.: $13.75 significant population growth due to its mid-valley location between Eugene-Springfield,
and Salem-Keizer, which have higher costs for similar investment opportunities. Bordered
by the Periwinkle Creek bike path to the east and centrally located, this is one of the last
PHYSICAL INFORMATION
large developable parcels in the city.
Total Acreage: 3.54
Sq. Ft.: 154,203 Zoned Medium Residential Attached (RMA) This parcel’s zoning is the highest density
residential zoning allowed in the city. RMA provides a broad range of developments, including
City: Albany
assisted living, child or adult care home, daycare facility, residential care or treatment facility,
County: Linn and multifamily - affordable or market-rate, high-density townhomes. Height limitations for
Zoning: RMA RMA zoning are 60 ft or five stories. RMA zoning requires conditional use approval to build
educational institutions, hospitals, medical offices, or religious institutions. Conditional
approval is also necessary for units above or attached to a business, referring to ground
TAX INFORMATION floor retail with residential above. Please reference Albany’s schedule of permitted uses for
Parcel: 0758710, 0758728 further information and clarification.
For More Information
Adam Smith • adam@hfore.com
Peyton King • peyton@hfore.com
Greg Frick • greg@hfore.com
Rob Marton • rob@hfore.com
Tyler Johnson • tyler@hfore.com
Jack Stephens • jack@hfore.com
Lee Fehrenbacher • lee@hfore.com
Todd Tully • todd@hfore.com
2424 SE 11th Avenue, Portland, Oregon 97214
www.hfore.com • (503) 241.5541 • Fax: (503) 241.5548
This information has been secured from sources we believe to be reliable, but we make no
representations or warranties, expressed or implied, as to the accuracy of the information.
References to square footage or age are approximate. ©2019 HFO Investment Real Estate LLC.
Build your legacy is a service mark of HFO Investment Real Estate.
2 HFO INVESTMENT REAL ESTATE
Periwinkle Creek Apartments
Meadows Apartments
Park Apartments
3.54 ACRES • ALBANY, OR 3
4 HFO INVESTMENT REAL ESTATE
Heritage Mall
Safeway
3.54 ACRES • ALBANY, OR 5
LINN COUNTY MARKET SNAPSHOT
Albany is the county seat of Linn County (population ALBANY MAJOR EMPLOYERS (2019)
127,320) and is located on the I-5 corridor just east of Company Industry # of Employees
Corvallis. Albany is the third fastest growing city in Oregon, ATI Metals Manufacturing 1,600
supported by education, agriculture, manufacturing, Linn Benton Community College Education 1,050
health services, outdoor sportsmanship, and retail. Greater Albany Public Schools Education 1,035
Oregon State University in Corvallis (student population Samaritan Health Services Health Care 1,030
of 28,886) and University of Oregon in Eugene (student Linn County Government 700
population of 23,634) are within 20 and 45 minutes of Selmet Manufacturing 505
the site, respectively, representing a steady demand for Target Distribution Center Retail Distribution 500
subject’s development.
City of Albany Government 402
While employment has dropped since the beginning of OFD Foods Food Production 400
the pandemic, as of February 2021 Linn County stood at Assurant Solutions Call Center 300
6.8%. Arauco Wood Products 216
Linn County is locally known for its family friendly festivals National Frozen Foods Food Production 210
and celebrations. These events offer residents the chance Golden West Manufacturing 185
to show their civic pride and teach newcomers about Coastal Farm & Ranch Retail 125
their local history. The area’s proximity to the Cascade Source: https://www.albanychamber.com/employment/
Mountains provides a natural outdoor playground for LEBANON MAJOR EMPLOYERS
residents and visitors alike. Outdoor enthusiasts can boat,
Company Industry # of Employees
fish, ski, snowshoe, or bike in local parks, trails, and scenic
Lowe’s Retail Distribution Center Retail Distribution 650
areas.
Samaritan Lebanon Community Hospital Health Care 604
Lebanon Schools Education 484
Walmart Retail 350
ENTEK Manufacturing Manufacturing 310
Source: https://www.ci.lebanon.or.us/sites/default/files/fileattachments/economic_
development/page/318/fact_sheetjan2016.pdf
6 HFO INVESTMENT REAL ESTATE
LIFESTYLE CONVENIENCES
r
tte Rive
Wil lame Linn County Fairgrounds
20
Albany Golf Park
SE Ellswort
SE Lyon St St
d SE
Pacific Blvve
SE 9th A
h
Bowers Rock
State Park SW Regal Cinemas Albany 7 20
nt Dr
Brya
Waverly Dr SE
Queen Ave SE
Marion St SE
Kennel Rd Se
West Albany High School
1755 SE Geary Street
Three Lakes Rd SE
Spic
er D
r
Calapooia Middle School
Riverside Dr Albany Tennis Club
SE Geary St
5
34th Ave SE Grand P
rairie
Riverside Dr
Rd SE
N
lle Rd
South Albany High School Albany Community Pool
Oakvi
99E
Pirtle Dr SW
Lochner Rd SE
SE Columbus St
Ellingson Rd SE 7M
ile W
ay
SE
Looney Ln
3.54 ACRES • ALBANY, OR 7
HFO Investment Real Estate
Passion • Collaboration • Specialization
2424 SE 11th Avenue • Portland, OR 97214
www.hfore.com • 503.241.5541You can also read
