12724 SE Stark St - Medical CONDO FOR SALE


Portland, OR 97233- Mill Park
$424,500 USD
503-789-2323
12724 SE Stark St, Portland, OR for Sale
$424,500 USD
Medical CONDO - FOR SALE
1/30
null | 6.1% Cap Rate

12724 SE Stark St
Portland, OR 97233
Mill Park


HIGHLIGHTS

  • Centrally Located in high density business and residential area
  • Very well managed HOA and property condition
  • Recently remodeled on two tax lots that can be split into two separate businesses.
  • Can be used for most any type of office space

OVERVIEW

This unit has been recently remodeled top to bottom with fresh paint, new floor coverings, new window blinds, new light fixtures, etc. There is currently an audiology clinic leasing this unit that has been there over 25 years. If you choose to purchase this property as an investment, they should be willing to extend with another long term deal. If you prefer to move in asap, their lease ends in July 2025 but they may be willing to move out sooner. If you do not need the entire 1500 sq' for your business, you could split the space and continue leasing to the current tenant while using the remaining space for your own needs. This complex is in a well managed HOA property that includes garbage, sewer, electricity, water, exterior maintenance, groundskeeping and property management. Includes HVAC throughout. Ample parking surrounds this centrally located office. Current HOA dues are $625 per month.

FOR SALE DETAILS

PRICE

$424,500 USD

PRICE/SF

$274 USD /SF

CAP RATE

6.1%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building H

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

1,550 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CO2, Portland

APN/PARCEL ID

R244629,R244630

ASK ABOUT THIS PROPERTY

Dan KingThree Kings Investors LLCMore Info
503-789-2323

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Dan KingThree Kings Investors LLCMore Info
503-789-2323

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