7900-7912 35Th Ave Portland, OR 97219
- Office Properties & Spaces
- 6,554 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 7900-7912 35Th Ave
- Year built
- 1914
- Property size
- 6,554 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.713
- Latitude
- 45.4673
