1221 SE Madison St - Medical FOR SALE


Portland, OR 97214
$1,795,000 USD
503-284-7755
1221 SE Madison St, Portland, OR for Sale
$1,795,000 USD
Medical - FOR SALE
1/5
null | Request Cap Rate

1221 SE Madison St
Portland, OR 97214


HIGHLIGHTS

  • Outstanding Inner SE Location
  • Solid Mid Century Construction
  • On Site Parking

OVERVIEW

True mid century office building in the heart of Hawthorne/inner southeast. Built in 1960 with exposed beams, butterfly ceiling and remnants of the original grass cloth, this has been a beloved property to owner occupied users and later an investment property. It has been home to school district offices, a CPA firm and most recently a natural health clinic. ADA ramp to lower level provides wheelchair accessibility. Two separate entrances and separation allow for multiple tenants. Upstairs features 2545 square feet, 8 spacious individual offices, a large lobby and 2 bathrooms (On of the offices features a sink area that could be a kitchenette/break room). Lower level is 2488 square feet with a kitchenette, 2 bathrooms and 9 smaller offices and a lobby. Several configuration options, but currently configured with 19 offices and 2 lobby areas. Nice rear parking lot with at least 6 spots. Lower level recently upgraded with luxury vinyl floors and 2024 waterproofing/trenching system (approximately $85,000). Furnace replacement (2024). So many options - designers/law offices/real estate office/medical. Vacant and available for sale. Appointment only. Call List Agent (AGENT IS RELATED TO OWNER & IS A CO-TRUSTEE FOR THE PROPERTY)

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Madison Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

CM2d

APN/PARCEL ID

R176922

ASK ABOUT THIS PROPERTY

Aimee VirnigWindermere Realty TrustMore Info
503-284-7755

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Aimee VirnigWindermere Realty TrustMore Info
503-284-7755

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