503-709-6190
12840 NW Cornell Rd, Portland, OR for Sale
Office/Residential - FOR SALE
1/16
null | Request Cap Rate

12840 NW Cornell Rd
Portland, OR 97229


OVERVIEW

Opportunity to redevelop, remodel, or occupy as-is. Location! Location! Location! 3 building mixed-use complex on a .31 acre parcel. 1) Front office: 2,700 SF plus 1,111 SF basement (available to occupy in 30 days) 2) Back office: 756 SF (leased) 3) Back rental house: 528 SF (under construction) Sale Terms: All 3 buildings must be purchased together. Open to seller financing. Contact broker for details. Next to Target, Shell Gas Station, Vet Hospital. Traffic Count: 15,952 vehicles per day. Parking: 10 stalls, gravel parking area in back, street stalls. Exterior signage available facing Cornell Road. Zoning: TO:RC Transit Oriented Retail Commercial District. Permitted Uses: Retail, food market, service stations, schools, office, medical, vet clinic, low to high-rise apartments, group care, religious institutions. For a full list, see the county website. The front office building (2,700 SF plus 1,111 SF basement) is currently configured with reception area, conference, 2 restrooms, break room, open work area. A spiral stairway leads to the 2nd story open office area (with 1 restroom). The basement is entered from behind the building and is partitioned into 3 storage areas, restroom and furnace room. The back rental house (528 SF) is a vacant one-bedroom residence that has fire damage. A full restoration and renovation will be completed by mid-2025. The back office building (756 SF) is leased to a cleaning services company.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% 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

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,503 SF

ZONING

TO:RC

APN/PARCEL ID

R0635272

ASK ABOUT THIS PROPERTY

Nick BaldwinHayden Group LLCMore Info
503-709-6190

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Nick BaldwinHayden Group LLCMore Info
503-709-6190

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