1645 Hoyt St Portland, OR 97209
- Office Properties & Spaces
- 7,500 SF
- 0.30 lot acres
Current Use by Public Records
- C2K Architecture, Inc. / Architect / Interior Designer
Property Details for 1645 Hoyt St
- Year built
- 1952
- Lot size
- 0.30 lot acres
- Property size
- 7,500 SF
- Zone code
- EXD
- Property type
- Office Properties & Spaces
- APN
- 1N1E33AC 02202
- APU
- 1N1E33AC02202
Description
This exceptional 7,500 square foot executive office building at 1645 NW Hoyt Street in Portland, Oregon, presents a unique owner-user opportunity. Built in 1952 and completely upgraded, including seismic improvements, this property boasts a high-end buildout with a flexible configuration ideal for a variety of businesses. The building is situated on a 13,033 square foot lot in a desirable Northwest Portland location, offering convenient access to Slabtown and the Pearl District. The interior features an open and adaptable workspace, complemented by dedicated conference and break areas, fostering a productive and comfortable environment. Six dedicated, fenced off-street parking spaces provide ample parking for employees and clients. Zoned CM3 (Commercial Mixed Use 3, City of Portland), this property offers significant potential for a discerning buyer seeking both prime location and a meticulously maintained building. The investment highlights include a high-end buildout, flexible space configuration, dedicated off-street parking, and the significant advantage of owner-user control over expenses. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Portland neighborhood. The property's combination of modern amenities, desirable location, and owner-user potential makes it an exceptional investment.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,425,000
- AI Estimate
- $2,425,000
Market price range: $1.60M - $3.32MMarket price range: $1.60M - $3.32M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,495,000 Current use
- RESTAURANT
- $2,570,000 Change: +3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,290,000 Change: -8% Conversion: Difficult
- MEDICAL BUILDING
- $2,265,000 Change: -9% Conversion: Easy
- RETAIL STORES
- $2,250,000 Change: -10% Conversion: Easy
- OFFICE BUILDING
- $2,170,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.688
- Latitude
- 45.5274
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA