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2020 NE 102nd Ave 2,758 SF Office Building Portland, OR 97220 $499,900 ($181.25/SF)



Investment Highlights
- Zoned Mix Use Commercial Residential
- Usable basement and a living unit with both having separate entry
- Great location with heavy foot traffic, easy highway access
Executive Summary
Zoned Mixed Use Commercial/Residential. Currently used as office on the main level. Usable basement and a living unit with both having separate entry, but can easily be reconnected for better uses. Prior use was by a long-standing optometrist business. Tons of potentials, which can include professional services such as accounting or law firm to medical practice such as optometrist or chiropractic to possibly a group care OR just to convert it back to a beautiful residential home with ADU or separate living. Read Portland zoning guide for allowable uses if you are a developer or have an interest in development such as multifamily or mixed use commercial/residential building. Great location with heavy foot traffic, right off of highway access, and ample of on-site parking space not to mention the detached garage for 4 cars and extra storage. Current use is by a nonprofit that is exempt from property tax. Contact City of Portland for temporary system development charge exemptions for new housing units that can save you thousands and talk to your CPA regarding OBBB ACT that can boost your tax planning options. Buyer to perform due diligence. Don't miss this great opportunity!
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- Miscellaneous
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
2,758 SF
Building Class
C
Year Built
1946
Price
$499,900
Price Per SF
$181.25
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,758 SF
Building FAR
0.22
Lot Size
0.29 AC
Zoning
R2 - Zoned Mixed Use - Many options
Check Portland Title 33, Planning and Zoning Chapter 33.1
120-1 33.120 Multi-Dwelling Zones
Parking
8 Spaces (2.9 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R318870 | Improvements Assessment | $336,710 |
| Land Assessment | $227,300 | Total Assessment | $564,010 |
Property Taxes
Parcel Number
R318870
Land Assessment
$227,300
Improvements Assessment
$336,710
Total Assessment
$564,010
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Contact the Sale Advisor
2020 NE 102nd Ave
