$3,010,000 USD
503-975-9301
120 SW Grover St
Portland, OR 97239
South Portland
HIGHLIGHTS
- Short term leases allow for buyer to capture upside in a changing market
- Building is a mix of maker and studio space
- Significant Capex and renovations completed by current ownership
- Close-in location but outside the CBD
- Irreplaceable character building with historic designation. Upper spaces feature plentiful natural light
- Building is served by freight elevator which is compatible with the maker use
FOR SALE DETAILS
PRICE
$3,010,000 USD
PRICE/SF
$135 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Historic Vance Land Company Warehouse
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Showroom
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1913
UTILITIES
Heating - Electric
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.14
LAND SF
6,098
ZONING
CS
APN/PARCEL ID
R129002
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503-975-9301
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503-975-9301
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