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Milwaukie Office Space 10423 SE 23RD Ave 3,192 SF Office Building Portland, OR 97222 $850,000 ($266.29/SF) 5.38% Cap Rate
Executive Summary
Beautiful 3,200 square foot. office building, 6 offices, 2 meeting rooms plus large bonus common area great room for cubicles. This property has been used commercially since 1981! Full kitchen and eating nook on main floor. Full bathroom on main, ½ bath on lower lever level. Zoned commercial on 1/3 treed, landscaped acre within short walking distance to downtown Milwaukie, Oregon. New roof (2022), New Gutters (2026). Host events in the landscaped backyard, fenced with a Large Gazebo and Storage Shed. Off street parking for 7 cars. Potential for Buyer to move into the upstairs (main house) area and rent the downstairs area for extra income. Ideal office space for Doctors, Dentists, Lawyers, Insurance Agents, Manufacturing Reps., service company, consulting firm, headquarters office, and so much more. Seller financing options are available. Call for details.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,192 SF
Building Class
C
Year Built
1949
Price
$850,000
Price Per SF
$266.29
Cap Rate
5.38%
NOI
$45,762
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,586 SF
Building FAR
0.20
Lot Size
0.37 AC
Zoning
R-5
Parking
7 Spaces (2.19 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00009877 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $267,955 |
Property Taxes
Parcel Number
00009877
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$267,955
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