1110 Alder StPortland, OR 97214

Property Details for 1110 Alder St

Year built

1912

Lot size

0.23 AC

Property size (Sq ft)

9,547 SF

Zone code

EXD

Property type

Office properties

Property subtype

Other office properties

APN

1S1E02BA 05500

APU

1S1E02BA05500

Description

This exceptional Portland office property, located at 1110 SE Alder Street in the vibrant Buckman neighborhood, offers a unique blend of historic charm and modern functionality. The building, formerly a Multnomah County Library, boasts a classic brick façade and recently remodeled common areas and office suites. The total building size is 3,922 square feet, with multiple tenancy options available. Individual suites range from a minimum of 1,437 square feet to a maximum contiguous space of 2,746 square feet. Currently, there is 6,668 square feet of vacant space available for lease, providing flexibility for businesses of various sizes. The property's location in the desirable Buckman neighborhood offers easy access to local amenities and is conveniently situated near Revolution Hall. This is a rare opportunity to secure office space in a beautifully restored historic building with modern updates, perfectly suited for businesses seeking a unique and functional workspace in the heart of Portland, Oregon. The property is located in Multnomah County, Oregon, with a zip code of 97214. This traditional office space presents a compelling opportunity for businesses seeking a prestigious and well-located office in Portland.

• CAP approach

  CAP return

  Valuation

  6%

  $2,622,179

  6.5%

  $2,420,473

  7%

  $2,247,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,838,561

  Geo Method

  $1,838,561

• Alternative Use

  Use

  Valuation

  Residential

  $3,001,386

  Hospitality

  $2,749,254

  Educational

  $2,287,347

  Medical

  $2,366,012

  Retail

  $3,558,095

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5177

Longitude

-122.654

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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