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Historic Durham House 1012 SW King Ave 8,917 SF 100% Leased Office Building Portland, OR 97205 $2,230,000 ($250.08/SF)
INVESTMENT HIGHLIGHTS
- Well situated 4 blocks to I-405 entrances and 2 blocks to Highway 26
- Included in purchase are all area rugs, almost all wall art, and the majority of common area furniture
- Attractive offices with view windows and waiting spaces in common areas
EXECUTIVE SUMMARY
The Durham House was constructed in 1890 in the Queen Anne Victorian style. It is ideally located at the top of SW Salmon Street above the Multnomah Athletic Club/Providence Park complex. This prominent corner property with two elegant entrances is available for the first time in over 26 years.
The property consists of three stories, a daylight lower level, and a stately Carriage House for approximately 8,917 square feet with a total of 25 rentable suites.
The immediate neighborhood of Kings Hill is graced with many historically significant homes with office tenants, creating one of the more prominent urban mixed-use areas in Portland.
The Durham House has many amenities on each level including shared reception/waiting areas, restrooms, Povey Brothers stain glass windows, break areas, plus several levels with exterior decks. Large iron lions flank the formal north and west entrances. This property is ideally positioned for professionals seeking a quality, high-end space.
The property consists of three stories, a daylight lower level, and a stately Carriage House for approximately 8,917 square feet with a total of 25 rentable suites.
The immediate neighborhood of Kings Hill is graced with many historically significant homes with office tenants, creating one of the more prominent urban mixed-use areas in Portland.
The Durham House has many amenities on each level including shared reception/waiting areas, restrooms, Povey Brothers stain glass windows, break areas, plus several levels with exterior decks. Large iron lions flank the formal north and west entrances. This property is ideally positioned for professionals seeking a quality, high-end space.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,917 SF
Building Class
C
Year Built
1898
Price
$2,230,000
Price Per SF
$250.08
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,972 SF
Slab To Slab
10’
Building FAR
1.14
Lot Size
0.18 AC
Zoning
RM3
AMENITIES
- Bus Line
- Signage
- Kitchen
- Natural Light
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | R105809 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,394,050 |
PROPERTY TAXES
Parcel Number
R105809
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,394,050
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Historic Durham House | 1012 SW King Ave
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