7900-7912 35Th AvePortland, OR 97219

For Sale
$2,295,000

Prime Portland location, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 6,554 square foot executive office building, constructed in 1914 and boasting a new roof, presents a unique owner-user opportunity in Portland, Oregon's desirable Multnomah Village. Located at 7900-7912 SW 35th Ave, 97219, this hard-corner property offers unparalleled visibility and convenient access to major highways, amenities, parks, schools, and public transportation. The building features a well-established, long-term restaurant tenant on the ground floor, generating a substantial net operating income (NOI) of $146,637.29, resulting in a compelling 6.39% cap rate. The asking price is $2,295,000. The second floor offers flexible space for an owner-user to occupy a portion or the entire area, effectively offsetting mortgage costs. A dedicated parking lot adds significant value. This property's prime location, strong tenant, and potential for future development make it an exceptional investment opportunity in a thriving Portland market. The building's history as a community staple, combined with its modern updates and strategic location, ensures a strong return on investment.

Highlights

  • High-visibility corner location in desirable Portland neighborhood with easy access to amenities, highways, and public transit.
  • High-traffic corner location with established anchor tenant, Marco's Café.
  • Strong development potential due to high Portland real estate demand.
  • Rare dedicated parking lot.
  • Second-floor lease flexibility for owner-occupancy.
  • New roof.

Property Details for 7900-7912 35Th Ave

Property type
Other office properties, Office properties
Square Feet
6,554 SF
Year Built
1914

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.4673368
Longitude
-122.7126419
7900-7912 35Th Ave, Portland, Oregon
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7900-7912 35Th Ave
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