1103 SE 7th Ave | Portland, OR 97214
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- LoopNet Team
1103 SE 7th Ave
Portland, OR 97214
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied and Conveniently Located Single-Tenant Retail Building in Southeast Portland
- Mr. Formal has been Open and paying rent Throughout the COVID-19 Pandemic. The Five-Year NNN Lease Calls for 3% rental increases in 3rd Year
- The 6,000-SF Building sits on a 10,000-SF Lot Zoned IG1 (General Industrial 1) with Design Overlay at the Corner of SE 7th Avenue and Taylor Street
- Opportunity Zone Urban Asset with Large Pylon Sign and Rare 4,000-SF of designated parking Totaling 12 Parking Stalls in Front of Building
- Significant Redevelopment or adaptive re-use Potential in Portland’s Bustling Close-In Central Eastside District
- Landlord can Terminate the Lease After February 28, 2023 w/12 Months’ Written Notice to the Tenant (Redevelopment Clause Stated in Lease)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.23 AC
Zoning
IG1 - 231 - Commercial, Manufacturing, Improved
Parking
8 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
107’ on Taylor St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | R176833 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $485,170 |
PROPERTY TAXES
Parcel Number
R176833
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$485,170
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