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Listed by Berkshire Hathaway HomeServices NW Real Estate
$ 2,295,000
Est. payment | /mo
8,400 SqFt
$ 2,295,000
Est. payment | /mo
8,400 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $273
MLS Listing ID 24089046
Year Built 1947
Annual Tax Amount $7,691
Tax Year 2023
Lot Size 8,276 Sqft
Property Description
Presenting a distinguished investment opportunity at Multnomah Village Wellness Center & Retail! This fully leased commercial property spans 8,400 square feet and was originally built in 1947. It seamlessly blends historic charm with contemporary amenities, making it a standout asset in the heart of Multnomah Village. This property guarantees a stable income stream with all 14 units fully leased. Tenants include well-known retail brands like Frey's Furniture, Narrative Home, and Katelyn's Closet?alongside 11 esteemed wellness professionals and traditional office tenants. This diverse tenant mix not only ensures a resilient income flow but also enhances the building's appeal to a broad clientele.Excellent rental rates with built-in yearly escalations and long-term tenants provide a reliable and growing income stream. The building has undergone significant upgrades in the last five years, including a new roof, furnace, air conditioning system, and new stairs, ensuring modern comfort and reliability for tenants.The property is meticulously maintained, with four units featuring elegant hardwood flooring. Common areas feature reception seating, wet bars, and two second-story entrances with newly refinished staircases. One suite boasts access to a second-story patio, offering a unique perk for its occupant.Additionally, the property provides 15 parking spaces, ensuring convenience for tenants and their clients.Located in the vibrant Multnomah Village, this property benefits from high foot traffic and excellent visibility. The area is known for its thriving commercial activity, making it an ideal location for businesses.
Location
State OR
County Multnomah
Area _148
Zoning CM1
Interior
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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