1458 NE Alberta St, Portland, OR 97211

Building Details

Year Built

1998

Listing office Keller Williams Portland Central j**@jamesagillespie.com Show Phone

Listing date Mar 11, 2024

Source Crexi

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Overview

This mixed-use investment property is located in the Alberta Arts district, well-situated in the heart of retail, service, and other mixed-use properties. Constructed in 1998 and upgraded in 2008, the corner lot provides an advantage. The ground floor is occupied by two retail tenants: Gabetas Restaurant & Bar, which recently signed a new five-year lease, and Mister OK’s Essentials. The retail tenants operate under NNN leases, covering 66% of the property taxes, insurance, and repairs. The upper floor houses three residential tenants, with one tenant residing there since 2014 and another since 2018. The property size is 2834 square feet. The interior and exterior of the investment are in very good condition.

Suggested Use

Law Firm Electrical Service Accounting Firm HVAC Service Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Insight

• Map
• Local Demand

City

Portland

County

Washington

State

Oregon

Longitude

-122.6504952

Latitude

45.5589436

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property in the Alberta Arts district with retail and residential.

Where is this mixed-use property located?

The property is located at 1458 NE Alberta St Portland, OR.

What is the asking price?

The asking price for this property is $1,575,000.

What are key features of this property?

This property features: Prime location in the Alberta Arts district, a high‑traffic area.; Stable income from established tenants, including Gabetas Restaurant & Bar with a new five‑year lease.; Favorable NNN leases with retail tenants covering a significant portion (66%) of taxes, insurance, and repairs.