4023-4029 Tillamook St Portland, OR 97212
This exceptional freestanding commercial building, located at 4023-4029 NE Tillamook St in Portland, Oregon's vibrant Hollywood district, presents a unique investment opportunity. The property boasts a total of 3,132 square feet, thoughtfully divided into three separate tenant suites on the main floor (2,449 SF) and a 683 SF basement. Situated on a prominent corner lot spanning 5,000 square feet, this 1958-built structure offers excellent visibility and accessibility. The CM1 zoning provides remarkable flexibility, permitting a wide range of uses including office, retail, daycare, and medical clinics. The current configuration allows for continued multi-tenant occupancy or the potential to consolidate the space into a single, expansive unit for an owner-occupier. Each suite features a substantial office build-out and includes its own restrooms. Ample parking is available both on-site and conveniently nearby on the street. Building signage is also a possibility, enhancing visibility and branding opportunities. This property represents a compelling chance to acquire a well-located, versatile commercial building in a thriving Portland neighborhood. The asking price is $875,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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