5525 E Burnside St - Office/Residential FOR SALE


Portland, OR 97215- North Tabor
$550,000 USD
503-438-5101
5525 E Burnside St, Portland, OR for Sale
$550,000 USD
Office/Residential - FOR SALE
1/20
null | 5.12% Cap Rate

5525 E Burnside St
Portland, OR 97215
North Tabor


OVERVIEW

This exceptionally charming Victorian office building is perfect for your business! The warm and inviting lobby features original unpainted millwork, architectural glass, and vintage light fixtures and is a fantastic way to welcome clients. The communal common space offers a welcome desk, kitchenette, relaxing lounge area, and ADA compliant bathroom and is an excellent training or group gathering space. There are two private offices on the first floor, and three more upstairs: one of which has a gas fireplace and separate lounge and workspaces. A second full bathroom, off-street parking, and beautifully landscaped backyard- with retractable awning and wiring for electrical heat- are lovely touches that increase the rentability of the space. This property has been meticulously cared for through the years, and the maintenance shows. Each office is leased by individual long term tenants who are happy to stay on: enjoy a ready-made cash flowing investment property, take over one of the offices and have tenants pay most of your expenses, or move into the whole building and run your dream business from this creative, historic property. There is even potential for a live/work space here: the opportunities are endless!

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CM2

APN/PARCEL ID

R281556

ASK ABOUT THIS PROPERTY

Kim ParmonLiving Room RealtyMore Info
503-438-5101

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Kim ParmonLiving Room RealtyMore Info
503-438-5101

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