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Additional details
Listed by Oregon First
$ 1,600,000
Est. payment /mo
Price Dropped by $100K
12208 SE MARKET ST Portland, OR 97233
4,242 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,242 sqft
Price per Sqft $377
MLS Listing ID 275644597
Year Built 1951
Annual Tax Amount $12,233
Tax Year 2025
Lot Size 0.380 Acres
Property Sub-Type Commercial
Property Description
Prime signalized corner featuring 2 one-level buildings totaling 4,242 SF on a CG-zoned lot with 15 parking spaces, multiple private offices, reception area, kitchens, conference rooms, and bathrooms. Building 1 includes 3 units with recent upgrades: new roof, new furnaces, new A/C units, new interior paint, new bathrooms, plus new water lines and iron fencing. Nearby separate building 2 has an approximately 10-year-old roof and is leased to a convenience store currently under remodel, providing income potential. Strong visibility, established tenancy, and surrounded by restaurants and retail businesses in a high-traffic location. Additional income from billboard ($4,680/year through 04/2029) and Building 2 lease ($2,200/month through 07/2031).
Location
State OR
County Multnomah
Area _143
Zoning CG
Interior
Heating Forced Air, Heat Pump
Cooling Central Air
Exterior
View City
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Amenities & Attractions