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3501-3511 SE Milwaukie Ave 2,818 SF 100% Leased Office Building Portland, OR 97202 $700,000 ($248.40/SF)
Executive Summary
Exceptional opportunity to own a versatile commercial property featuring two separate units, currently leased for $4,500/month NNN, providing immediate income potential. Zoned Commercial, this property offers flexibility for a wide variety of uses, including medical or dental offices, professional office space, retail sales and service, daycare, light manufacturing, and production uses (buyer to verify permitted uses with the city). Ideally located just minutes from the highly sought-after Sellwood neighborhood and only 5 minutes to downtown Portland, this property offers excellent accessibility, convenient access to major roadways, and close proximity to established businesses, shopping, dining, and residential neighborhoods. An outstanding opportunity for investors seeking stable income or owner-users planning for future occupancy in a prime Portland location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,818 SF
Building Class
C
Year Built
1973
Price
$700,000
Price Per SF
$248.40
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,480 SF
Building FAR
0.69
Lot Size
0.09 AC
Zoning
CS - mixed use zone
Parking
5 Spaces (2.02 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R228572 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,960 |
Property Taxes
Parcel Number
R228572
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,960
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Contact the Sale Advisor
3501-3511 SE Milwaukie Ave