1448-1452 NE 28th Ave - Storefront Retail/Residential FOR SALE


Portland, OR 97232
$1,249,000 USD
971-340-6636
1448-1452 NE 28th Ave, Portland, OR for Sale
$1,249,000 USD
Storefront Retail/Residential - FOR SALE
1/57
null | 9.79% Cap Rate

1448-1452 NE 28th Ave
Portland, OR 97232


HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • Prime Location
  • Flexible Floorplan
  • Live Work Space Opportunity
  • Everything Completely Renovated

OVERVIEW

**Rare Mixed-Use Commercial Building located in the heart of Sullivans Gulch** Completely Restored from the studs! CM1 Zoning. Commercial portion downstairs (Zoned "M" for Mercantile/Retail). Currently Leased on Gross modified Lease. Residential portion (Zoned R3) located upstairs also completely renovated. New Grease trap installed in downstairs, New Garage doors, New closed cell insulation throughout commercial walls, TESLA charging ports in Driveway. Would make great coffee shop, bar, or restaurant or even office space! Plumbed for cat6, New Electrical throughout, New Plumbing, New Siding, New HVAC, & Central Air, New reclaimed hardwood, New windows, New Doors, And anything else you can think of. (2) 220 amp plugs in drive way. Hot/Cold outside water. Upstairs completely remodeled. Can be used for Airbnb. Or building can be used a Work Live Space. Upstairs has large 220 square ft Balcony. New Exterior lighting and Brick. Photos of the entire process taken of Renovation. No corners cut. Bike Score: 97 Walk Sore: 95 Transportation Score: 60 Distance to airport: 6.6 miles Distance to Rose Quarter: 2 miles Distance to Downtown PDX: 4.8 miles

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$430 USD /SF

CAP RATE

9.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

CROSS STREETS

ne halsey street

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CM1

APN/PARCEL ID

R313811

ASK ABOUT THIS PROPERTY

Santino FilipelliMODERN REALTYMore Info
971-340-6636

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

Santino FilipelliMODERN REALTYMore Info
971-340-6636

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