712 Main St Oregon City, OR 97045
- Commercial real estate
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 712 Main St
- Year built
- 1925
- Lot size
- 0.08 lot acres
- Zone code
- MUD
- Property type
- Commercial real estate
- APN
- 22E31AB05700
- APU
- 22E31AB05700
Description
This exceptional owner-user investment opportunity presents a three-story, 8,020-square-foot creative office building located at 712 Main St, Oregon City, OR 97045. The Class B building, constructed in 1925, boasts a mixed-use downtown zoning designation. Currently, the property has a 50% occupancy rate with two tenants under a NNN lease structure. The asking price is $1,680,000, translating to $209.48 per square foot. Situated in the revitalized downtown area, the building benefits from its proximity to the Oregon City Transit Center and Clackamas County Circuit Court, offering convenient access to amenities and transportation. The location provides easy access to I-205 and Hwy 99E, facilitating seamless connectivity to the greater Portland Metro area. Rent bumps are permitted, presenting an opportunity for future income growth. This historic building, in a city rich in history and situated on a revitalized Main Street, offers a unique blend of character and modern convenience. The property's one building comprises three stories and is part of a vibrant community with numerous restaurants and shops.
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
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.608
- Latitude
- 45.3578
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
