200 NE 20th Ave - Medical FOR SALE


Portland, OR 97232
$2,450,000 USD
503-313-8149
200 NE 20th Ave, Portland, OR for Sale
$2,450,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

200 NE 20th Ave
Portland, OR 97232


HIGHLIGHTS

  • New roof with 20-year warranty
  • Multi-tenant building with private entrances
  • Owner/user opportunity with in-place income
  • Security system in-place
  • Fully sprinklered lower floor
  • 23 parking spaces

OVERVIEW

Built in 1965, the LorLin Building was designed by Burton Goodrich, a protégé of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. Situated in Portland’s vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation. The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs.Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value. Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability. Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local environment, positioning it for both immediate and long-term growth.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

LorLin Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

RM3

APN/PARCEL ID

R125113

ASK ABOUT THIS PROPERTY

Jordan FezlerApex Real Estate PartnersMore Info
503-313-8149

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Jordan FezlerApex Real Estate PartnersMore Info
503-313-8149

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