3450 Williams AvePortland, OR 97227

Property Details for 3450 Williams Ave

Year built

2020

Lot size

0.35 AC

Property size (Sq ft)

84,740 SF

Zone code

RXD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

1N1E27AA 02402

APU

1N1E27AA02402

Description

The Canyons Alley, located at 3450 N Williams Ave in Portland, Oregon's vibrant Multnomah County (zip code 97227), offers a unique opportunity for businesses seeking flexible and modern office space. This multi-tenant property boasts a total of 200,000 square feet, encompassing both medical and creative office subtypes. Currently, there are 3,786 square feet of vacant space available, divided into five individual suites. The minimum leasable space is 504 square feet, ideal for smaller businesses or startups, while the maximum contiguous space available is 1,452 square feet, suitable for larger enterprises requiring more expansive accommodations. The property's diverse layout caters to a variety of needs, making it an excellent choice for businesses seeking a versatile and adaptable workspace. Its location in Portland offers easy access to major transportation routes, amenities, and a thriving business community. This is a rare opportunity to secure high-quality office space in a desirable Portland neighborhood. Inquire today to learn more about the available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $28,860,614

  6.5%

  $26,640,566

  7%

  $24,737,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,294,806

  Geo Method

  $25,294,806

• Alternative Use

  Use

  Valuation

  Residential

  $26,640,566

  Hospitality

  $24,402,616

  Educational

  $20,302,690

  Medical

  $21,000,930

  Retail

  $31,581,962

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5478

Longitude

-122.666

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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