6501 Macadam Ave, Portland, OR 97239

Property Details for 6501 Macadam Ave

Year built

1969

Property type

Retail properties & Spaces

Property subtype

Office Spaces

Description

This exceptional Portland, Oregon commercial property, located at 6501 S Macadam Ave, presents a unique investment opportunity. The 10,120 square foot building, situated on an 8,917 square foot lot, is a two-story structure built in 1969 and zoned CM2. Currently 60% occupied with month-to-month tenants, offering potential for immediate income or vacancy at closing, this property is ideal for owner-users. The building boasts a blend of historical charm and modern updates. The north wing retains original mahogany wood paneling, a grand staircase, and impressive 20-foot ceilings with skylights, while the south wing underwent a 2021 remodel. This prime location in the Johns Landing submarket offers convenient access to Willamette Park, and is adjacent to popular establishments including McMenamins, St. Honoré Bakery, and Café Du Berry. The asking price is $2,300,000, translating to $227.27 per square foot. Rare off-street parking is also available. The building's history includes its original use as the Fred C Baker Lighting Company, a notable producer of lighting fixtures for iconic Oregon landmarks. Converted to office and retail space in 1976, this property offers a compelling mix of history, functionality, and prime location. This versatile space is suitable for a variety of uses, including creative office, storefront, and traditional office configurations.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.672

Latitude

45.4772