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402 N State St
Lake Oswego, OR 97034
The Rogers Building · Retail Property For Sale
Investment Highlights
- GENERATIONAL PROPERTY - The Rogers Building has not sold for more than 50 years.
- LONG TERM TENANTS (100% LEASED) - All tenants have been at the property for a number of years, 4 of them for more than 10 years.
- EXCELLENT VALUE ADD - The existing short-term leases will allow a new owner to increase income by marking rents to market, or incorporating NNN leases
- GREAT EXPOSURE - The Rogers Building is ideally located at the entrance to downtown Lake Oswego, Portland’s most affluent suburb.
- SHORT TERM LEASES - Short leases enable owner-user investment or property redevelopment potential.
- OUTSTANDING DEMOGRAPHICS - 87,166 residents within 3-miles of the property with an average household income of $128,701.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
9,378 SF
Building Class
B
Year Built
1925
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.27 AC
Zoning
DD - Downtown Redevelopment
Parking
5 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
136’ on A Ave
Amenities
- Signage
- Signalized Intersection
- Wheelchair Accessible
Property Taxes
| Parcel Number | 00198440 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $881,453 |
Property Taxes
Parcel Number
00198440
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$881,453
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