Updated Industrial Building (warehouse) with significant development potential. Zoned CM3 (Commercial Mixed Use 3). General uses for CM3 according to the City of Portland guidelines include Retail, Office and Residential. Close to Downtown St. Johns and with views of the Willamette River and the St. Johns Bridge. Extraordinary investment opportunity. The St. Johns neighborhood is a great place to start or grow your business. Recent major improvements to the existing Building include new roof, exterior and interior paint, new overhead lighting and much more. There is also additional storage space on Mezzanine area totalling approximately 1870 sq ft.
Historic St Johns bldg, fully leased & has been impeccably restored w/fully upgraded mechanicals, as well as newer exterior, storefronts & windows. The bldg has been demised into 4 beautifully finished commercial units. Tenants are thriving in this prime location in the heart of St Johns. The 2,806 sq. ft. adjacent lot zoned CSd is also available for sale separately. Four solid leases, with varying terms, please get in touch with the listing broker for more information.
There are limitless opportunities for this core St Johns property. The asset consists of two buildings fronting N Lombard St, as well as 10,000 SF of commercial mixed-use land. An outdoor beer garden, food cart pod, indoor bar, pickleball courts, daycare, retail, office, dance or yoga studio, or multi-tenant investment are all possibilities. Occupy one space and have the other space help pay your debt service. Get creative!
Great St. Johns location, this listing includes 2 buildings, 7427 and 7429 N Lombard, on one tax lot. There are 4 units total: two have 5 year leases (Unit A of 7427 and chiropractic office in 7429) and two are vacant (Unit B, Projected Rent $1,500 to $1,800 includes Water ,Sewer Washer ,Dryer and Electricity ,and Unit C projected rent $1,100 includes Water,Sewer,Electricity Unit A rents for $920.00 per Month)7429 N Lombard rents for $1,695 per Month,7427 N Lombard: 1800 sq ft, built in 2000, sewer, electrical and water line replaced in 2012. Units A and C have ADA restrooms.7429 N Lombard: 702 sq ft, built in 2015, connected to the sewer/water of 7427. Includes one unit which has an ADA restroom. All units have separate electrical panels . Seller pays Electrical on 7427 N Lombard Tenant pays Electricity 7427 N Lombard has One Main Panel on 7429 N Lombard Seller to perform 1031 tax exchange at no cost to buyer. **Please do not disturb tenants**Seller is motivated!**
The median home value in Portland, OR is $537,200. This is higher than the county median home value of $478,700. The national median home value is $338,100. The average price of homes sold in Portland, OR is $537,200. Approximately 50.37% of Portland homes are owned, compared to 44% rented, while 5.63% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Oregon 97203 has a population of 647,176. Portland 97203 is less family-centric than the surrounding county with 29.49% of the households containing married families with children. The county average for households married with children is 31.66%.
The median household income in Portland, Oregon 97203 is $78,476. The median household income for the surrounding county is $76,290 compared to the national median of $69,021. The median age of people living in Portland 97203 is 37.9 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 36.4 degrees. The average rainfall is approximately 42.8 inches per year, with 2.6 inches of snow per year.