LorLin Bldg | 200 NE 20th Ave
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LorLin Bldg 200 NE 20th Ave
8,543 SF 100% Leased Office Building Portland, OR 97232 $2,450,000 ($287/SF)
Investment Highlights
- New roof with 20-year warranty
- Owner/user opportunity with in-place income
- Fully sprinklered lower floor
- Multi-tenant building with private entrances
- Security system in-place
- 23 parking spaces
Executive Summary
Built in 1965, the LorLin Building was designed by Burton Goodrich, a protégé of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. Situated in Portland’s vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation.
The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs.Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value.
Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.
Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local
environment, positioning it for both immediate and long-term growth.
The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs.Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value.
Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.
Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local
environment, positioning it for both immediate and long-term growth.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,543 SF
Building Class
C
Year Built
1965
Price
$2,450,000
Price Per SF
$287
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,848 SF
Slab To Slab
9’
Building FAR
0.57
Lot Size
0.34 AC
Zoning
RM3 - The RM3 zone is a medium- to high-density multi-dwelling zone. Primary uses include: household living, limited commercial on corridors.
Parking
23 Spaces (2.69 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R125113 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $716,230 |
PROPERTY TAXES
Parcel Number
R125113
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$716,230
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LorLin Bldg | 200 NE 20th Ave
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