7131 Prescott St Portland, OR 97218-3512

This 3,150 square foot free-standing building in Portland's vibrant Roseway neighborhood is for sale at $725,000. The property, built in 1950 and situated on a 0.15-acre lot, features a mix of office and retail space currently 100% occupied under a gross lease expiring May 31, 2025. The building boasts newer systems and four off-street parking spaces, a significant advantage in this location. Zoned CM1, it offers excellent visibility on a high-traffic street and is conveniently located on a bus line. The current lease has a remaining term of 0.5 years, with a lease commencement date of August 31, 2023. The property presents a compelling investment opportunity with a 6.40% cap rate and a price per square foot of $230.16. Ideal for owner-users or investors seeking strong rental potential in a dynamic market, this property is well-suited for a variety of uses, including retail shops, professional offices, or a combination thereof. The single-story building consists of two units. This is a rare opportunity to acquire a well-located, income-producing property in a thriving Portland neighborhood. The property's prime location and flexible layout make it an attractive option for a wide range of tenants and business owners.