75 Couch St Portland, OR 97209-4018

Property Details for 75 Couch St

Year built

1911

Lot size

0.11 lot acres

Property size

39,580 SF

Zone code

CXD

Property type

Office Properties & Spaces

APN

1N1E34DB 00300

APU

1N1E34DB00300

Description

This exceptional five-story, 39,850-square-foot office building, located at 75 NW Couch St in Portland, Oregon's Old Town/Chinatown neighborhood, presents a unique investment opportunity. Listed on the National Registry of Historic Places, this landmark property boasts a prime location within the Central Business District, offering unparalleled access to hotels, restaurants, shopping, and public transportation, including proximity to TriMet Light Rail and streetcar lines. The building underwent a complete $15,000,000 renovation in 2011, encompassing a seismic retrofit, the addition of a fifth-floor penthouse, comprehensive ADA upgrades, and a full fire sprinkler system. High-end finishes, open ductwork with upgraded HVAC, new plumbing and electrical systems, and exposed old-growth lumber throughout showcase the meticulous attention to detail. This LEED Silver-certified building offers state-of-the-art energy efficiency. Currently vacant, this net-lease property is offered at a price of $6,000,000 ($150.56/sq ft), significantly below replacement cost. The 0.22-acre lot provides ample space, and the building's exceptional features and location make it an ideal investment for discerning buyers. SBA financing options may be available for qualified purchasers, offering leveraged costs below average net lease rates in the market. This is a rare chance to acquire a fully renovated, historically significant, and highly desirable commercial property in the heart of Portland.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.671

Latitude

45.5242

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments