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Listed by Premiere Property Group, LLC
$ 500,000
Est. payment | /mo
$ 500,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 196104431
HOA Y/N No
Annual Tax Amount $7,320
Property Sub-Type Single Family Residence
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
Exterior
Utilities Available CableAvailable, ElectricityConnected, SewerConnected, WaterConnected
Garage No
Schools
Elementary Schools Prescott
Middle Schools Parkrose
High Schools Parkrose
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Nearby Locations
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