425 NE Hancock St
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425 NE Hancock St
4,778 SF Vacant Office Building Portland, OR 97212 $2,100,000 ($440/SF)
Investment Highlights
- 7,500 SF across three levels: 1st floor, 2nd floor, and finished basement
- Zoned for Office or Retail use
- Recently painted and updated
- Located in NE Portland's Eliot Neighborhood – a sought-after area close to MLK Jr. Blvd
- Private Parking Lot for added convenience
- Close to local amenities – coffee shops, banks, and retail nearby
Executive Summary
This versatile 7,500 SF property is located in the heart of NE Portland’s Eliot neighborhood, just off MLK Blvd. With convenient access to coffee shops, banks, and retail, this space offers both prime location and functionality. The building features private parking, an ADA ramp, multiple private offices along the perimeter and several conference rooms, making it ideal for a variety of business needs. Zoned for office or retail use, the building spans three levels, including a finished basement, offering ample space for growth and collaboration.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,778 SF
Building Class
C
Year Built
1981
Price
$2,100,000
Price Per SF
$440
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,389 SF
Slab To Slab
9’
Building FAR
0.69
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
M3
Parking
10 Spaces (2.09 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 2,389 SF
- Office
- Full Build-Out
- Now
- 2nd Floor
- 2,389 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,389 SF | Office | Full Build-Out | Now |
| 2nd Floor | 2,389 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,389 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 2,389 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R101765 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $473,020 |
PROPERTY TAXES
Parcel Number
R101765
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$473,020
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425 NE Hancock St
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