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1022 NW Overton St - The Cosmopolitan 1,023 SF Retail Condo Unit Offered at $519,000 in Portland, OR 97209
Investment Highlights
- Great natural light
- Access to vast building amenities
- Large open space
Executive Summary
Located in Portland’s modern Pearl District, The Cosmopolitan is the tallest residential building in the city. Situated between The Fields Park and Tanner Springs Park and surrounded by restaurants, shopping, and easy access to light rail transit.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | R676590 |
| No. Parking Spaces | 1 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | R676590 |
Description
ASSUMABLE LOAN AVAILABLE - Motivated Seller. Fantastic value for this commercial ground floor unit offered in the stunning Cosmopolitan in Portland’s Pearl District. A unique opportunity to purchase the first commercial condo resale available from the Cosmo’s 2016 initial sale of 5 units. Large open space with 15ft ceiling and floor-to-ceiling windows provide wonderful natural light. The extensive custom-designed ceiling soffit was a build-out upgrade to house ducts, lighting, and wired speakers. The open floor plan allows a variety of businesses to configure the space as needed or keep it as its current hair salon use. Features a full bath with shower, kitchenette, wall of storage cabinets, and washer & dryer. The building amenities are vast and include a fitness room, guest suites, bike storage, community lounge with kitchen and fireplace available for owner held functions, conference room, terrace with firepit and BBQs, and 24/7 concierge service. Includes a secure deeded parking space and storage. All this and The Fields Park is your view across the street!
Sale Notes
SELLER WILL CONSIDER ALL OFFERS. Recorded/tax address of property is 1075 NW Northrup St #105. 1022 NW Overton is an alternative City provided address. There is no business lease term in place, so there can be immediate possession after closing. The shower has a free-standing custom cabinet insert that covers it, but it can be removed.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit N/A | 1,023 SF | Retail | $519,000 ($507.33/SF) | - |
Unit N/A
| Unit Size |
| 1,023 SF |
| Condo Use |
| Retail |
| Price |
| $519,000 ($507.33/SF) |
| NOI |
| - |
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Videos
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Map
Unit N/A
| Unit Size | 1,023 SF |
| Condo Use | Retail |
| Price | $519,000 ($507.33/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | R676590 |
| Description | |
| ASSUMABLE LOAN AVAILABLE - Motivated Seller. Fantastic value for this commercial ground floor unit offered in the stunning Cosmopolitan in Portland’s Pearl District. A unique opportunity to purchase the first commercial condo resale available from the Cosmo’s 2016 initial sale of 5 units. Large open space with 15ft ceiling and floor-to-ceiling windows provide wonderful natural light. The extensive custom-designed ceiling soffit was a build-out upgrade to house ducts, lighting, and wired speakers. The open floor plan allows a variety of businesses to configure the space as needed or keep it as its current hair salon use. Features a full bath with shower, kitchenette, wall of storage cabinets, and washer & dryer. The building amenities are vast and include a fitness room, guest suites, bike storage, community lounge with kitchen and fireplace available for owner held functions, conference room, terrace with firepit and BBQs, and 24/7 concierge service. Includes a secure deeded parking space and storage. All this and The Fields Park is your view across the street!</li></ul> | |
| Sale Notes | |
| SELLER WILL CONSIDER ALL OFFERS. Recorded/tax address of property is 1075 NW Northrup St #105. 1022 NW Overton is an alternative City provided address. There is no business lease term in place, so there can be immediate possession after closing. The shower has a free-standing custom cabinet insert that covers it, but it can be removed.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 353,400 SF | Typical Floor Size | 13,143 SF |
| Property Type | Multifamily (Condo) | Year Built | 2016 |
| Property Subtype | Apartment | Lot Size | 1.00 AC |
| Building Class | A | Opportunity Zone |
Yes
|
| Floors | 28 | ||
| Zoning | EX - EX | ||
| Total Building Size | 353,400 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 28 |
| Typical Floor Size | 13,143 SF |
| Year Built | 2016 |
| Lot Size | 1.00 AC |
| Opportunity Zone |
Yes |
| Zoning | EX - EX |
Amenities
Site Amenities
- Clubhouse
- Concierge
- Fitness Center
- Guest Apartment
- Storage Space
- Bicycle Storage
- Conference Rooms
- Elevator
- Lounge
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Very bikeable
80/100
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1022 NW Overton St - The Cosmopolitan
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