200 20th Ave Portland, OR 97232-3094

Property Details for 200 20th Ave

Year built

1965

Lot size

0.34 lot acres

Property size

6,339 SF

Zone code

RH

Property type

Office Properties & Spaces

APN

1N1E35DA 07100

APU

1N1E35DA07100

Description

This exceptional mixed-use investment opportunity, the LorLin Building, presents a compelling proposition for discerning buyers. Built in 1965 and boasting a distinctive Mid-Century Modern design, this three-story, 8,543 square foot building is situated on a 0.34-acre lot in Portland's dynamic Lloyd District. Currently operating at 68% occupancy, the property offers immediate income potential with Suite 200 available for lease. The building features 23 on-site parking spaces, a significant advantage in this vibrant, walkable neighborhood. Recent capital improvements include a new roof with a 20-year warranty, minimizing future maintenance expenses. Planned exterior repainting will further enhance curb appeal and attract new tenants. Zoned RM3, the property offers flexibility for a variety of uses, contributing to its long-term value and potential for growth. The building's location provides excellent access to public transportation and major attractions, ensuring high foot traffic and visibility. This is a rare opportunity to acquire a well-maintained, income-producing asset in a prime Portland location, offering both immediate returns and significant long-term growth potential. The asking price is $2,450,000 ($286.78/sq ft). The Multnomah County APN is R125113.