289 NE 2nd St
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289 NE 2nd St
12,502 SF 100% Leased Office Building Gresham, OR 97030 $2,200,000 ($176/SF)
Investment Highlights
- New roof in 2016
- Property taxes: $24,927.57
- Transit Score (61) - Good transit. Close proximity to TriMet MAX Blue line and frequent service bus stops.
- Well maintained corner location building
- Walk Score (94) - walkers paradise
- Bikers Score (79) - Very bikeable
Executive Summary
This commercial property in downtown Gresham has three tenants, some with very long tenure in the building, and their leases expire between the end of this year and mid-2024. The building could work well for a full or partial owner/user or allow a new owner to handle the upcoming lease renewals. The current annual gross income for the property is $168,840.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,502 SF
Building Class
C
Year Built
1948
Price
$2,200,000
Price Per SF
$176
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,502 SF
Building FAR
0.93
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
DCC-Downtown Commercial
Parking
30 Spaces (2.4 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | R338999 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,362,080 |
PROPERTY TAXES
Parcel Number
R338999
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,362,080
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289 NE 2nd St
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