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Listed by MORE Realty • 503-705-7176
$575,000
Est. payment /mo
2,758 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,758 sqft
Price per Sqft $208
MLS Listing ID 782900593
Year Built 1946
Tax Year 2025
Lot Size 0.290 Acres
Property Sub-Type Commercial
Property Description
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!
Location
State OR
County Multnomah
Area _142
Zoning R2
Interior
Heating Forced Air, Other, Wall Heater
Cooling Heat Pump
Equipment SmokeDetector
Exterior
Roof Type Composition,Other
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS