In the heart of the Cully Neighborhood, this rare commercial offering is more than an investment. It is an opportunity to carry forward a property that has long been woven into the fabric of the community. Featuring two separate buildings on individual tax lots, this income producing asset has been… Read More cared for with pride of ownership from both the owner and the long standing tenants who have helped make it a trusted neighborhood staple for years.Long term tenants provide stability, while the newly completed 84 unit PCC housing development next door brings added visibility, and foot traffic to the area.For investors, this is a compelling opportunity to acquire a stable asset with dependable long term tenancy, and immediate income, and future upside through rent growth. Positioned in one of Portland’s steadily growing neighborhoods, this property offers the kind of secure foundation and appreciation potential that is increasingly difficult to find. Read Less
Listing courtesy of Modern Realty.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Income
Square Ft.
6,520
Lot Size
0.5 Acres
Year Built
1971
MLS Number
535506988
30 Days Snapshot Of 97218
$502k
+11%
(avg) sold price
15
+50%
homes sold
27
-64%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 6520, Built in 1971, Commercial Features: AccessibleDoors, AccessibleEntrance, DisplayWindow, InsideStorage, OneLevel, Sign, Construction Materials: Frame, Current Use: DryCleaners, Grocery, Restaurant, Stories: 1
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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