827 SW Second Ave - Storefront Retail/Office FOR SALE


Portland, OR 97204
$1,500,000 USD
503-221-2282
827 SW Second Ave, Portland, OR for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 9.59% Cap Rate

827 SW Second Ave
Portland, OR 97204


OVERVIEW

This offering provides an INVESTOR the opportunity to purchase the historical Michael G. Building, an iconic structure in the middle of Portland’s downtown food scene and home to one of the city’s most thriving food halls, The Portland Food Hall. Fully leased by popular restaurant/bar operators who provide an array of delicious food and beverage options at street level, together with a beautifully furnished top-floor office occupied in part by the owner, this investment delivers an immediate 7.01% return at the asking price!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Michael G Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CX

APN/PARCEL ID

R245984

ASK ABOUT THIS PROPERTY

Kevin JoshiKidder MathewsMore Info
503-221-2282

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Kevin JoshiKidder MathewsMore Info
503-221-2282

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