11703-11731 NE Glisan St Portland, OR 97220
Value-add office building in Portland's Hazelwood neighborhood for sale.
Property Features for 11703-11731 NE Glisan St
General Information
- Zoning
- CM1 - City of Portland
Building Details
- Year built
- 1950
Source:
Macadamforbes
Listing Agent: Clayton Madey, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Portland Office Building Investment Opportunity
This property presents a value-add investment opportunity in a growing area of Portland, situated in the Hazelwood neighborhood. It offers potential for office rental income or redevelopment, with frontage on NE Glisan Street. The location benefits from convenient TriMet Max access. Nearby amenities include Mall 205 and the Gateway Shopping Center. The property currently has strong existing leases and generates roughly $82,000 in net operating income, providing an attractive yield on in-place rents. Leasing the remaining 1,300 square feet could potentially increase the cap rate to over 7%. The corner location provides immediate access and visibility from NE Glisan Street and is less than 1 mile from I-205 and I-84. On-site parking is available with 12 surface spaces. The property is also within walking distance of restaurant and retail amenities. It is well-positioned as a 1031 exchange solution.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5418168
- Latitude
- 45.5265931
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FAQs
What type of property is this?
Office building - Value-add office building in Portland's Hazelwood neighborhood for sale.
Where is this office building located?
The property is located at 11703-11731 NE Glisan St Portland, OR.
What are key features of this property?
This property features: - Value-add investment opportunity with potential for increased rental income or redevelopment.; - Attractive yield on in-place rents with approximately $82k net operating income.; - Strategic corner location with high visibility and immediate access to NE Glisan Street.