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    200 20Th Ave Portland, OR 97232

    For Sale
    $2,450,000

    Mid-Century Modern Office, High Income Potential

    Property size:
    8,543 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 8,543 square foot office building, situated on a 0.34-acre lot in Portland's dynamic Lloyd District, presents a compelling investment opportunity. The property, known as the LorLin Building, boasts a distinctive Mid-Century Modern architectural style, designed in 1965 by Burton Goodrich. Recent capital improvements include a new roof with a 20-year warranty, minimizing future maintenance expenses. Planned exterior repainting will further enhance the building's curb appeal and attract tenants. The building benefits from its location in a bustling, walkable neighborhood with excellent access to public transportation and high foot traffic. Zoned RM3, the property offers versatile usage options. On-site parking adds to its convenience. Currently featuring a diverse tenant mix with a high retention rate, ensuring long-term stability, Suite 200 will be delivered vacant, providing a highly functional space ideal for various business types. This property offers strong income potential, minimal immediate capital expenditures, and a vibrant location, promising both short-term and long-term growth. The building's prime location and recent upgrades make it an attractive investment for owner-users seeking additional income streams. The combination of a desirable location, modern aesthetics, and low maintenance costs positions this property for significant return on investment.

    Property Features for 200 20Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,543 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1965
    Insight Report Location Intelligence

    Current Use by Public Records

    Angela Adamski, LMT Massage Therapist Constance Rigney L.Ac, ... Medical Center Rick DeTroye L.Ac. ... Acupuncture Clinic Potentials Wellness Center Massage Therapist Sunstone Chiropractic & Massage Chiropractor

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6451
    Latitude
    45.52478

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    FAQs

    What type of property is this?
    Office Property / Space - Mid-Century Modern Office, High Income Potential
    Where is this office property / space located?
    The property is located at 200 20Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,450,000.
    (503) 595-2840
    Request Owner's contact information
    200 20Th Ave Portland, OR 97232
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    200 20Th Ave
    Portland, OR 97232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 20Th Ave Portland, OR 97232
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