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Listed by Keller Williams PDX Central
$ 220,000
Est. payment | /mo
520 SqFt
$ 220,000
Est. payment | /mo
520 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 520 sqft
Price per Sqft $423
MLS Listing ID 24097938
Year Built 1948
Annual Tax Amount $1,641
Tax Year 2023
Lot Size 1,306 Sqft
Property Description
Prime Business or Investment Opportunity! Discover the potential of this property, perfectly situated on a .03-acre lot with 35 feet of road frontage on a highly traveled street. This versatile CM2-zoned property is an ideal space for office or retail use. The layout features a welcoming display window, a functional office area, lots of storage, and convenient outside lighting, making it a ready-to-go location for your business vision. Current tenants, who generate a steady rental income of $1,900 per month on a triple net lease, are willing to stay if the new owner desires, offering an investor-friendly lease agreement that ensures immediate return on investment. This is an excellent opportunity to secure a prime spot in a bustling area, with the flexibility to maintain the current income stream or to reimagine the space for your business needs. Don't miss out on this fantastic opportunity to invest in a high-traffic location with excellent income potential! Contact us today for more details and to arrange a viewing.
Location
State OR
County Multnomah
Area _143
Zoning CM2
Interior
Heating Heat Pump
Cooling Heat Pump
Equipment Fixtures
Exterior
View City
Roof Type BuiltUp,Flat
Parking Type On Street
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Don Johnson, PC
Principal Broker | Lic# 910900068