289 NE 2nd St - Office FOR SALE


Gresham, OR 97030
$2,200,000 USD
503-227-2500
289 NE 2nd St, Gresham, OR for Sale
$2,200,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

289 NE 2nd St
Gresham, OR 97030


HIGHLIGHTS

  • New roof in 2016
  • Well maintained corner location building
  • Property taxes: $24,927.57
  • Walk Score (94) - walkers paradise
  • Transit Score (61) - Good transit. Close proximity to TriMet MAX Blue line and frequent service bus stops.
  • Bikers Score (79) - Very bikeable

OVERVIEW

This commercial property in downtown Gresham has three tenants, some with very long tenure in the building, and their leases expire between the end of this year and mid-2024. The building could work well for a full or partial owner/user or allow a new owner to handle the upcoming lease renewals. The current annual gross income for the property is $168,840.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

DCC-Downtown Commercial

APN/PARCEL ID

R338999

ASK ABOUT THIS PROPERTY

Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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