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Listed by Modern Realty
$ 2,100,000
Est. payment | /mo
6,520 SqFt
$ 2,100,000
Est. payment | /mo
6,520 SqFt
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,520 sqft
Price per Sqft $322
MLS Listing ID 535506988
Year Built 1971
Annual Tax Amount $8,627
Tax Year 2025
Lot Size 0.500 Acres
Property Sub-Type Income
Property Description
In the heart of the Cully Neighborhood, this rare commercial offering is more than an investment. It is an opportunity to carry forward a property that has long been woven into the fabric of the community. Featuring two separate buildings on individual tax lots, this income producing asset has been cared for with pride of ownership from both the owner and the long standing tenants who have helped make it a trusted neighborhood staple for years.Long term tenants provide stability, while the newly completed 84 unit PCC housing development next door brings added visibility, and foot traffic to the area.For investors, this is a compelling opportunity to acquire a stable asset with dependable long term tenancy, and immediate income, and future upside through rent growth. Positioned in one of Portland's steadily growing neighborhoods, this property offers the kind of secure foundation and appreciation potential that is increasingly difficult to find.
Location
State OR
County Multnomah
Area _142
Zoning CN11
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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