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Listed by Premiere Property Group, LLC
$ 500,000
Est. payment | /mo
2,166 SqFt
$ 500,000
Est. payment | /mo
2,166 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $230
MLS Listing ID 548745015
Year Built 1957
Annual Tax Amount $7,320
Tax Year 2025
Lot Size 0.310 Acres
Property Sub-Type Office
Property Description
A hidden gem in the rough with real flexibility. Situated on anapproximately 13,504 SF lot, this property features an existing 2,166 SF, two-level office building with basement, originally built in 1957 and updated over the years with a more modern look and feel. Previously used as an accounting firm and now vacant, the building needs some TLC but offers a solid opportunity for an owner-user or investor. The property was historically zoned commercial before being rezoned prior to annexation into the City of Portland. The existing office use is currently being maintained as a nonconforming use, providing a potential path for a buyer who wishes to continue using the property as an office.Prefer redevelopment? The property is currently zoned RM1, creating potential for duplex, fourplex or other multifamily development. Buyer to perform their own due diligence with the City of Portland regarding development potential and permitted uses. Located near PDX Airport with convenient access to majortransportation routes, shopping, dining and surrounding amenities. Whether you are looking for an office, investment property or redevelopment opportunity, this property gives you options and the flexibility to choose the direction that works for you.
Location
State OR
County Multnomah
Area _142
Zoning RM1
Interior
Heating Ceiling
Exterior
Roof Type Flat
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Nearby Locations
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