418 - 436 NW 6th Ave - Office FOR SALE


Portland, OR 97209- Old Town-Chinatown
$2,500,000 USD
503-225-8492
418 - 436 NW 6th Ave, Portland, OR for Sale
$2,500,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

NEW


418 - 436 NW 6th Ave
Portland, OR 97209
Old Town-Chinatown


OVERVIEW

Norris & Stevens is pleased to present for sale the Bastian Building. Originally built in 1915, the property has been painstakingly upgraded over the years by the ownership. Multiple seismic reinforcements have been completed giving the building an A2 Occupancy Rating allowing it to serve as the home of Portland’s Harvey’s Comedy Club for many years and currently home to the Calle 6 Nightclub. Located at the intersection of NW 6th and NW Glisan St, the property provides easy access to Portland’s award-winning public transit system. Current income streams in place will offset the cost for an owner/user looking to relocate into a move-in ready building. The property is poised to benefit from the Broadway Corridor redevelopment project, as this part of Old Town, China Town, and the Pearl District is reshaped into the gateway of downtown Portland. INVESTOR • 71% Occupied – Stable Tenants, Popular Ground Floor Tenant • $132,058 Positive Cash Flow Annually with Upside • Dynamic Future Neighborhood – Made In Old Town, Broadway Corridor Development OWNER/USER • 7,900 SF available for User – Offices Built Out with Amenities • Two-story atrium – Common Area with seating • Elevator served & Air Conditioned • Recently upgraded mechanical and lobby finishes • Monthly parking available on same block

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Bastian Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CXD

APN/PARCEL ID

R140454

ASK ABOUT THIS PROPERTY

Raymond DuchekNorris & Stevens, Inc.More Info
503-225-8492

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Raymond DuchekNorris & Stevens, Inc.More Info
503-225-8492

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