3632-3646 SE Hawthorne Blvd - Storefront Retail/Residential FOR SALE


Portland, OR 97214
$5,887,500 USD
503-740-4888
3632-3646 SE Hawthorne Blvd, Portland, OR for Sale
$5,887,500 USD
Storefront Retail/Residential - FOR SALE
1/27
null | 4.99% Cap Rate

3632-3646 SE Hawthorne Blvd
Portland, OR 97214


OVERVIEW

This is an amazing opportunity to acquire a turnkey, apartment-retail complex in the heart of the Hawthorne Shopping District. Seven apartments above 4 retail businesses. PLEASE DO NOT INQUIRE OR CONTACT ANY TENANTS OR VISIT PROPERTY WITHOUT AND APPOINTMENT. Property is tax assessed at $6,380,510 and is listed at $5,887,500, a 5 cap. Well maintained apartments, mostly remodeled, and stable. Offers subject to interior inspection. NNN leases on retail. Tenants pay electric and are billed back for water. Landlord pays trash. Located adjacent to the Bagdad Theater. Commercial Tenants include Harlow Cafe, Echo Theater, Moberi and Portland Cider Co. Again please do not inquire with tenants.

FOR SALE DETAILS

PRICE

$5,887,500 USD

PRICE/SF

$395 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Frances Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CM2

APN/PARCEL ID

R326486

ASK ABOUT THIS PROPERTY

Tod BreslauPremiere Property GroupMore Info
503-740-4888

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Tod BreslauPremiere Property GroupMore Info
503-740-4888

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