646 Thompson St Portland, OR 97227
- Auto shops
- 5,500 SF
- 0.13 lot acres
Current Use by Public Records
- Hillcore Machine Inc / Machine Shop
Property Details for 646 Thompson St
- Year built
- 1924
- Lot size
- 0.13 lot acres
- Property size
- 5,500 SF
- Zone code
- IG1S
- Property type
- Auto shops
- APN
- 1N1E27CA 07600
- APU
- 1N1E27CA07600
Description
This 5,500 square foot general commercial property, situated on a 0.13-acre lot at 646 N Thompson St in Portland, Oregon, presents a unique opportunity for small contractors and makers. Historically used as a manufacturing facility, the building's size and central Portland location offer significant potential. The property is currently occupied by a long-term tenant (over 20 years) who will vacate by March 1, 2025, allowing for immediate redevelopment or occupancy upon their departure. The listed price is $1,300,000. Please note that any income and expense figures associated with the property are approximate and should be independently verified. The property's existing configuration is suitable for a variety of uses, making it an attractive investment for those seeking a well-located, sizable space in a thriving urban environment. The ample square footage provides flexibility for customization and expansion, catering to the specific needs of a diverse range of businesses. Given the tenant's long history at the location, the property benefits from established infrastructure and potential for seamless transition. This is a rare opportunity to acquire a substantial commercial property in a desirable Portland neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.673
- Latitude
- 45.5385
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
