1122 NE 122nd Ave - Office FOR SALE


Portland, OR 97230- Gateway
$3,750,000 USD
503-675-8380
1122 NE 122nd Ave, Portland, OR for Sale
$3,750,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

1122 NE 122nd Ave
Portland, OR 97230
Gateway


HIGHLIGHTS

  • Ample parking on-site that is electronically gated, providing security for tenants and their clients.
  • ±12K square feet immediately available for an owner-user to occupy - four short-term tenants at the property provide cashflow
  • The courtyard style buildout provides tenants an ideal place to socialize when the weather is nice.
  • The current owner spent $80,000+ on new plumbing for the property in 2024.
  • Frontage on hard corner of NE 122nd Ave and Multnomah St., exposed to approximately 27k VPD.
  • Ideally located in the Hazelwood neighborhood of Portland near I-205, I-84, and other retail and residential amenities.

OVERVIEW

The Offering provides the Opportunity to acquire a +/- 18K SF courtyard style office complex with frontage on Multnomah St. and 122nd Ave. in Portland’s Hazelwood neighborhood. The Property spans a rare 1.35 acres on a hard corner location, and benefits from close proximity to dense surrounding residential housing and daily-needs retail. There is approximately 12,466 square feet immediately available for an owner-user to occupy with income from four tenants to offset operating costs. The property is well-maintained with the current ownership having invested $80,000+ in a new plumbing system in the last 12 months. There is ample parking on-site that is electronically gated to provide tenants and their clients peace of mind.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

East End Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

CO1, Portland

APN/PARCEL ID

R177882

ASK ABOUT THIS PROPERTY

Anthony AlbrechtNorthmarqMore Info
503-675-8380

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Anthony AlbrechtNorthmarqMore Info
503-675-8380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.