623 NE 23rd Ave - Office FOR SALE


Portland, OR 97232- Kerns
$1,500,000 USD
503-860-3267
623 NE 23rd Ave, Portland, OR for Sale
$1,500,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

623 NE 23rd Ave
Portland, OR 97232
Kerns


OVERVIEW

This one-of-a-kind CM3-zoned asset offers a fully integrated mixed-use environment combining retail frontage, private office/residential space, and an assembly-rated event venue. The property is designed for maximum flexibility, allowing an owner-user to occupy part of the space while generating income from the remaining components. Alternatively, an investor can capitalize on multiple revenue streams within a single asset. With its private patio, modern improvements, and prime Kerns location, the property is ideally suited for experiential retail, creative office, or hospitality-driven concepts.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$605 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CM3

APN/PARCEL ID

R278377

ASK ABOUT THIS PROPERTY

John GibsonCommercial Black LLCMore Info
503-860-3267

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John GibsonCommercial Black LLCMore Info
503-860-3267

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