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$745,000
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Property Description
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.
Full Property Details
Full Property Details for 1215 Shortridge St
General
- Sold For: $745,000
- Taxes: $4,617 (2024)
- Status: Sold
- Type: Office
- Source: RWMLS
- MLS ID: 453656424
- Added to Site: 350 day(s) ago
Additional Information
- Equipment: Fixtures, Security System, Sprinkler
Parking
- Total Spaces: 19
- Parking Features: On Site, Paved
Location
- County: Linn
- Driving Directions: Santiam Hwy
Community
- Community Name: 221 - Linn County
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 2
- Property Detached: Yes
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,768
- Current Bldg. Use: Office, Other
- Year Built: 1972
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 14,810
- Lot Size: 10, 000 to 14, 999 SqFt
- Frontage: Paved
Financial Considerations
- Lease Price: $6,092
- Operating Expenses: $7,127
- Tax Amount: $4,617.13
- Tax Year: 2024
- Terms: Cash, Other
Disclosures and Reports
- Property ID: 108478
Listed by RockholtRE LLC (541) 250-2826, Joshua Rockholt (541) 250-2826
Sold by Cascade Hasson Sotheby's International Realty (503) 420-8650, Heidi Rogers
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Schools
Schools serving 1215 Shortridge St
School District:Greater Albany School District 8j
| Name | Grades | Distance |
|---|---|---|
South Shore Elementary School 910 Bain Street Southeast, Albany, OR 97322 | K-5 | 0.3 mi |
North Albany Middle School 1205 Northwest North Albany Road, Albany, OR 97321 | 6-8 | 2.6 mi |
South Albany High School 3705 Columbus Street Southeast, Albany, OR 97322 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1215 Shortridge St
Date
Details
Price
Change
Source
10/17/2025
Sold
$745,000
-12.35%
MLS
3/14/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1215 Shortridge St, Albany, OR 97322 (MLS# 453656424) is a Office property that was sold at $745,000 on October 17, 2025. Want to learn more about 1215 Shortridge St? Do you have questions about finding other Office real estate for sale in Albany? You can browse all Albany real estate or contact a Coldwell Banker agent to request more information.

