5265 42nd Ave Portland, OR 97218-1507

Property Details for 5265 42nd Ave

Year built

1956

Lot size

0.10 lot acres

Property size

1,764 SF

Zone code

CGH

Property type

Office Properties & Spaces

APN

1N1E24AA 11000

APU

1N1E24AA11000

Description

This freestanding, 3,753 sq ft building in Portland's Cully neighborhood is offered at $1,200,000. Located on NE 42nd Ave's commercial corridor, this single-story, 1926/1956-built property sits on a 9,328 sq ft lot (APN: R197544 & R197545). Previously serving as a corporate office and union hall for over 25 years, it's zoned CM2, allowing for diverse uses. Ideal for owner-occupancy or redevelopment, this property offers significant potential in Cully, Portland's largest and most diverse neighborhood, providing access to a substantial and varied customer base. The flexible zoning permits various business types, including professional services (legal, real estate, insurance, medical, naturopathic, holistic), retail, or redevelopment opportunities. This presents a unique chance to establish a business in a thriving, culturally rich area. The property's history as a long-standing corporate office and union hall speaks to its stability and suitability for a variety of commercial ventures. Its prominent location on a busy commercial thoroughfare ensures high visibility and accessibility. The substantial lot size offers ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located commercial property in a rapidly growing and diverse neighborhood.