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Historic Durham House 1012 SW King Ave 8,917 SF 91% Leased Office Building Portland, OR 97205 For Sale
Investment Highlights
- Well situated 7 blocks to I-405 entrances and two blocks to Highway 26 entrance
- Included in purchase are all area rugs, almost all wall art, and the majority of common area furniture
- Flexible space for tenant expansion and contraction
- Attractive offices with view windows and waiting spaces in common areas
- Highly visible building with multiple long-term tenants
Executive Summary
The Durham House was constructed in 1898 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 30 years.
89% LEASED - CALL BROKER FOR PRICING AND FINANCIAL INFORMATION
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.
89% LEASED - CALL BROKER FOR PRICING AND FINANCIAL INFORMATION
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
B
Year Built
1898
Percent Leased
91%
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
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
$1,300/month Multi-window parlor, fireplace (non-functioning), both coat & storage closets, original chandelier
$500/month Waiting area, restroom in carriage house
$950/month Waiting area, North-facing windows
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 102 | 374 SF | Office | - | Now |
| 1st Fl-Ste Carriage House Ste C | 120 SF | Office | - | Now |
| 3rd Fl-Ste 304 | 283 SF | Office | - | Now |
1st Fl-Ste 102
| Size |
| 374 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste Carriage House Ste C
| Size |
| 120 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 283 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 102
| Size | 374 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
$1,300/month Multi-window parlor, fireplace (non-functioning), both coat & storage closets, original chandelier
1st Fl-Ste Carriage House Ste C
| Size | 120 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
$500/month Waiting area, restroom in carriage house
3rd Fl-Ste 304
| Size | 283 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
$950/month Waiting area, North-facing windows
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Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
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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