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Santiam Commercial Development Site 3225 Santiam Hwy SE

4,887 SF Retail Building Albany, OR 97322 For Sale

Investment Highlights

  • Interstate 5 Visibility
  • Rare Interstate 5 Exit Location
  • 1.75 Acre Development Site

Executive Summary

THE GARSKE GROUP OF MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET THE SANTIAM COMMERCIAL DEVELOPMENT, an exceptional investment opportunity awaits at 3225 Santiam Hwy SE, Albany, OR, spanning two parcels over 1.75 acres. One parcel is zoned Community Commercial (CC), ideal for small to medium-sized businesses, while the other is zoned Residential (RS-6.5), designated for low-density urban residential development with 6–8 dwelling units per acre. Notably, the Residential parcel offers the option to be rezoned as Community Commercial, further enhancing its investment potential. Strategically located off I-5, this property enjoys high visibility and easy accessibility, with traffic counts exceeding 19,500 vehicles per day (VPD) on Santiam Hwy and approximately 53,200 VPD on I-5. The site features ample parking and a dedicated turn lane, ensuring convenience for future tenants and customers alike. The Community Commercial (CC) zoning allows for diverse business opportunities, including retail, personal services, restaurants, and office spaces, all designed to complement the surrounding residential areas. The location is perfectly positioned to serve the local population, ensuring a steady flow of customers. With Albany’s ongoing efforts to revitalize its commercial zones and the property’s prime location, this site represents a highly attractive investment in a growing market.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,887 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.75 AC
Zoning
CC
Parking
37 Spaces (7.57 Spaces per 1,000 SF Leased)
Frontage
84 FT on Santiam Way

Amenities

  • Pylon Sign
  • Signage

Nearby Major Retailers

Dutch Bros
Elmer's Breakfast-lunch-dinner
Starbucks
U.S. Bank
the Human Bean
Winco Foods
Anytime Fitness
Denny's
Peet's Coffee
Fred Meyer Grocery Pickup And Delivery

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0754875
  • 0108379
Land Assessment
$5,720
Improvements Assessment
$0
Total Assessment
$615,610
  • Listing ID: 33568986

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 3225 Santiam Hwy SE, Albany, OR 97322

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