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8029-8037 SE Stark St 7,875 SF 100% Leased Retail Building Portland, OR 97215 $2,100,000 ($266.67/SF) 6.35% Cap Rate
Investment Highlights
- Heart of Montavilla
- Excellent Cash Flow
- 100% occupied with long-term tenants
Executive Summary
The heart of Montavilla! The Montavilla Building is a 5-unit Retail Building. This well-maintained property offers investors a rare opportunity to acquire a proven retail asset in a thriving neighborhood. 100% leased with long-term tenants. The property features ample off-street parking, ensuring convenience and accessibility. This investment offers security as it is well maintained and positioned for long-term growth. This is a rare opportunity to acquire a neighborhood cornerstone with reliable returns and future value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,875 SF
Building Class
C
Year Built
1924
Price
$2,100,000
Price Per SF
$266.67
Cap Rate
6.35%
NOI
$133,256
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.34 AC
Zoning
CS
Parking
16 Spaces (2.13 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | R263864 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $388,370 |
Property Taxes
Parcel Number
R263864
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$388,370
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8029-8037 SE Stark St
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