1423-1431 SE 23rd Ave - Storefront FOR SALE
Portland, OR 97214 |
1423-1431 SE 23rd Ave
Portland, OR 97214
HIGHLIGHTS
- Immediate Cash Flow & Upside: 67% leased with two tenants; over 7% cash-on-cash return potential upon full lease-up, with day-one income
- NNN Leases with Annual Growth: Both tenants on full NNN leases with 3% yearly rent increases
- Redevelopment Potential: CM2-zoned ~1/3 acre lot allows for mixed-use (retail, office, multifamily) redevelopment
- Prime Location & Demographics: Dense, affluent area (245K+ people, $136K avg income within 3 miles); high visibility on Hawthorne Blvd
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
23rd and Hawthorne Building
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
13426
STORIES
1
YEAR BUILT
1926
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R264440
