5700 Foster RdPortland, OR 97206

Property Details for 5700 Foster Rd

Year built

1949

Lot size

0.07 AC

Property size (Sq ft)

3,167 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

1S2E07DD 17000

APU

1S2E07DD17000

Description

This exceptional 3,167 square foot mixed-use building, located at 5700 SE Foster Road in Portland, Oregon, presents a unique investment opportunity. Built in 1949 and extensively renovated in 2020, this single-story structure sits on a 3,180 square foot lot and boasts a 100% occupancy rate since June 1st, 2023. The property features a striking exterior with elegant cedar siding and expansive windows, maximizing visibility for any business. Inside, 12-foot ceilings create a bright, open atmosphere. The layout includes a spacious showroom and a separate backroom area, perfect for storage or additional operations. A convenient grade-level loading zone ensures efficient logistics. Recent upgrades include new back doors, windows, and a modern security system. Zoned CE MUC, this versatile space is ideal for a variety of uses, including retail, office, or creative studios. The high-traffic location on SE Foster Road, combined with ample on-street parking, provides excellent exposure and accessibility. The asking price is $825,000, translating to $260.50 per square foot. This owner-occupied property offers a compelling blend of prime location, modern updates, and flexible zoning, making it an attractive investment for discerning buyers. The property's strong performance and versatile nature make it a truly exceptional opportunity in the vibrant Portland market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,278,677

  6.5%

  $1,180,317

  7%

  $1,096,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,536,950

  Geo Method

  $1,536,950

• Alternative Use

  Use

  Valuation

  Residential

  $995,642

  Hospitality

  $912,002

  Educational

  $758,775

  Medical

  $784,871

  Retail

  $1,180,317

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4933

Longitude

-122.604

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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