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12724 SE Stark St - Building H 1,550 SF Office Condo Unit Offered at $424,500 in Portland, OR 97233
INVESTMENT HIGHLIGHTS
- Centrally Located in high density business and residential area
- Recently remodeled on two tax lots that can be split into two separate businesses.
- Very well managed HOA and property condition
- Can be used for most any type of office space
PROPERTY FACTS
| Total Building Size | 1,550 SF | Typical Floor Size | 1,550 SF |
| Property Type | Office (Condo) | Year Built | 1981 |
| Property Subtype | Medical | Lot Size | 0.04 AC |
| Building Class | B | Parking Ratio | 6.45/1,000 SF |
| Floors | 1 | ||
| Zoning | CO2, Portland - CN12 | ||
| Total Building Size | 1,550 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,550 SF |
| Year Built | 1981 |
| Lot Size | 0.04 AC |
| Parking Ratio | 6.45/1,000 SF |
| Zoning | CO2, Portland - CN12 |
AMENITIES
- Bus Line
1 UNIT AVAILABLE
Unit 12724
| Unit Size | 1,550 SF | Sale Type | Investment or Owner User |
| Price | $424,500 | Cap Rate | 6.10% |
| Price Per SF | $273.87 | NOI | $25,894.50 |
| Condo Use | Office | No. Parking Spaces | 10 |
| Unit Size | 1,550 SF |
| Price | $424,500 |
| Price Per SF | $273.87 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.10% |
| NOI | $25,894.50 |
| No. Parking Spaces | 10 |
DESCRIPTION
This sale is only for the center unit which is 1550 sq ' on two tax lots. Can be divided for two separate businesses (500 sq ' and 1050 sq'). Entry doors and separate bathrooms in the front and back of building. There is currently a physician on the west side of this unit and a financial services business on the east side. Great for medical, dental, law, architect, engineer, CPA or any other service based commercial business.
SALE NOTES
This unit has been recently remodeled top to bottom with fresh paint, new floor coverings, new window blinds, new light fixtures, etc. There is currently an audiology clinic leasing this unit that has been there over 25 years. If you choose to purchase this property as an investment, they should be willing to extend with another long term deal. If you prefer to move in asap, their lease ends in July 2025 but they may be willing to move out sooner. If you do not need the entire 1500 sq' for your business, you could split the space and continue leasing to the current tenant while using the remaining space for your own needs. This complex is in a well managed HOA property that includes garbage, sewer, electricity, water, exterior maintenance, groundskeeping and property management. Includes HVAC throughout. Ample parking surrounds this centrally located office. Current HOA dues are $625 per month.
+19 More
attachment (1)
front of building
Monument Sign
Lobby
attachment (2)
IMG_4939
front entrance
rear of building
IMG_4955
conference room
testing room
front bathroom
side entrance
front lobby storage
20240414_204950
attachment
20240414_205024
2nd testing room
technician room
Hallway to front bathroom
hallway in the back area to 2nd bathroom and side entrance
conference room
back room
technician room
Presented by
Three Kings Investors LLC
12724 SE Stark St - Building H
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