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    1405 Tacoma St Portland, OR 97202

    For Sale
    $859,000

    Prime Sellwood location, 3,033 sq ft, $859,000

    Property size:
    3,033 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,033-square-foot retail property, located in Portland's desirable Sellwood neighborhood at 1405 SE Tacoma St, 97202, presents a unique investment opportunity. Built in 1922, this three-story, Class B building sits on a 5,000-square-foot lot (0.11 acres) and is zoned CM2, allowing for versatile commercial mixed-use development. Currently configured as a restaurant, the space offers multiple possibilities, including live/work, office, studio, or other retail and food and beverage uses. The asking price is $859,000, translating to $283.50 per square foot. The property includes several sheds providing ample additional storage. An exterior backyard area offers potential for expansion or outdoor seating, ideal for a restaurant or bar concept. This single-tenancy building is to be delivered vacant upon closing. Don't miss this chance to own a piece of vibrant Sellwood.

    Property Features for 1405 Tacoma St

    General Information

    Property type
    Restaurants
    Square Feet
    3,033 SF
    Class
    B

    Building Details

    Year Built
    1922
    Stories
    3

    HighLights

    • 3,033 SF commercial space available in Sellwood, SE Portland.
    • Highly versatile space suitable for live/work, office, studio, retail, or food and beverage uses.
    • Includes multiple storage sheds.
    • Features an outdoor backyard area ideal for expansion or patio seating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SuitsMeFine.Org Book Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.65183019929
    Latitude
    45.464347328329

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    FAQs

    What type of property is this?
    Restaurant - Prime Sellwood location, 3,033 sq ft, $859,000
    Where is this restaurant located?
    The property is located at 1405 Tacoma St Portland, OR.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: 3,033 SF commercial space available in Sellwood, SE Portland.; Highly versatile space suitable for live/work, office, studio, retail, or food and beverage uses.; Includes multiple storage sheds.
    Request Owner's contact information
    1405 Tacoma St Portland, OR 97202
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    Portland, OR 97202
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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
    1405 Tacoma St Portland, OR 97202
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