2020 NE 102nd Ave - Medical FOR SALE


Portland, OR 97220- Parkrose Heights
$499,900 USD
503-705-7176
2020 NE 102nd Ave, Portland, OR for Sale
$499,900 USD
Medical - FOR SALE
1/28
null | Request Cap Rate

2020 NE 102nd Ave
Portland, OR 97220
Parkrose Heights


HIGHLIGHTS

  • Zoned Mix Use Commercial Residential
  • Great location with heavy foot traffic, easy highway access
  • Usable basement and a living unit with both having separate entry

OVERVIEW

Zoned Mixed Use Commercial/Residential. Currently used as office on the main level. Usable basement and a living unit with both having separate entry, but can easily be reconnected for better uses. Prior use was by a long-standing optometrist business. Tons of potentials, which can include professional services such as accounting or law firm to medical practice such as optometrist or chiropractic to possibly a group care OR just to convert it back to a beautiful residential home with ADU or separate living. Read Portland zoning guide for allowable uses if you are a developer or have an interest in development such as multifamily or mixed use commercial/residential building. Great location with heavy foot traffic, right off of highway access, and ample of on-site parking space not to mention the detached garage for 4 cars and extra storage. Current use is by a nonprofit that is exempt from property tax. Contact City of Portland for temporary system development charge exemptions for new housing units that can save you thousands and talk to your CPA regarding OBBB ACT that can boost your tax planning options. Buyer to perform due diligence. Don't miss this great opportunity!

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$181 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R2

APN/PARCEL ID

R318870

ASK ABOUT THIS PROPERTY

Jonathan KennedyMORE Realty Inc.More Info
503-705-7176

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Jonathan KennedyMORE Realty Inc.More Info
503-705-7176

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