4245-4247 SW Corbett Ave - Loft/Creative Space FOR SALE


Portland, OR 97239- South Portland
$750,000 USD
503-210-4068
4245-4247 SW Corbett Ave, Portland, OR for Sale
$750,000 USD
Loft/Creative Space - FOR SALE
1/13
null | Request Cap Rate

4245-4247 SW Corbett Ave
Portland, OR 97239
South Portland


HIGHLIGHTS

  • Owner-user opportunity priced well below replacement cost.
  • Two long-term MTM tenants. A new user can continue to collect rental income or vacate the two tenants and occupy the entire building.
  • Well-located near amenities including OHSU, restaurants/cafes, hotels, parks and more.
  • Located in a walkable neighborhood with a walk and bike score of 73.
  • Excellent blend of private offices and open creative office space.
  • Ease of access along SW Barbur Blvd with 32,000 + VPD.

OVERVIEW

The Offering provides the opportunity for an owner-user to acquire well-located mixed-use building with off-street parking located near Oregon Health & Science University, with an average HH income of $124,000 within 1 mile. Constructed in 1892 and renovated in 2013, this grandfathered 5,404 SF building is situated on 4,345 SF of low-scale residential multi-dwelling zoned land. Currently 30% occupied by two MTM tenants, a new user can continue to collect the rental income to minimize occupancy costs or vacate the tenants and occupy the entire building. The Property is well-located alongside, SW Barbur Blvd., directly adjacent from Corbanc Condominiums with direct access to nearby amenities like restaurants/cafes, hotels, parks and more.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corbett Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1892

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RM2

APN/PARCEL ID

R247621

ASK ABOUT THIS PROPERTY

Michael KapnickNorthmarqMore Info
503-210-4068

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Michael KapnickNorthmarqMore Info
503-210-4068

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