5265 NE 42nd Ave - Office FOR SALE


Portland, OR 97218
$1,200,000 USD
971-219-3344
5265 NE 42nd Ave, Portland, OR for Sale
$1,200,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

5265 NE 42nd Ave
Portland, OR 97218


HIGHLIGHTS

  • Opportunity Zone!
  • CM2 Zoning!

OVERVIEW

Having faithfully served the National Association of Letter Carriers as a corporate office and union hall for over 25 years this freestanding property located in the NE 42nd Ave commercial corridor is ready for it's next career. Offering a tremendous opportunity in Cully, NE Portlands largest and most diverse neighborhood this prime real estate assett is perfect for owner occupied business or redevelopment. Opportunities include professional services; legal, real estate, insurance, medical, naturopathic, holistic, salon, tattoo parlor, retail or redevelopment, with the flexible (CM2) commercial mixed-use zoning the possibilities are endless. Cully is Northeast Portland’s largest neighborhood by land area and population; it is over 3 square miles, and its population as of the the most recent US Census is 13,322. Cully includes the most racially/ethnically diverse Census tract in Oregon by some measures. The majority of the neighborhood is zoned for single-family dwellings; only two areas, along the western boundary at N.E. 42nd Ave. with the neighboring Alberta Arts District and the central artery, Cully Blvd., are zoned for commercial activity. This creates tremendous opportunity for an exceptionally diverse locally based clientele to provide support for any business at this property!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2

APN/PARCEL ID

R197545

ASK ABOUT THIS PROPERTY

Bill JacksonJohn L. Scott Portland SWMore Info
971-219-3344

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Bill JacksonJohn L. Scott Portland SWMore Info
971-219-3344

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