5265 NE 42nd Ave
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5265 NE 42nd Ave
3,753 SF Office Building Portland, OR 97218 $1,200,000 ($320/SF)
Investment Highlights
- Opportunity Zone!
- CM2 Zoning!
Executive Summary
Having faithfully served the National Association of Letter Carriers as a corporate office and union hall for over 25 years this freestanding property located in the NE 42nd Ave commercial corridor is ready for it's next career. Offering a tremendous opportunity in Cully, NE Portlands largest and most diverse neighborhood this prime real estate assett is perfect for owner occupied business or redevelopment. Opportunities include professional services; legal, real estate, insurance, medical, naturopathic, holistic, salon, tattoo parlor, retail or redevelopment, with the flexible (CM2) commercial mixed-use zoning the possibilities are endless.
Cully is Northeast Portland’s largest neighborhood by land area and population; it is over 3 square miles, and its population as of the the most recent US Census is 13,322. Cully includes the most racially/ethnically diverse Census tract in Oregon by some measures. The majority of the neighborhood is zoned for single-family dwellings; only two areas, along the western boundary at N.E. 42nd Ave. with the neighboring Alberta Arts District and the central artery, Cully Blvd., are zoned for commercial activity. This creates tremendous opportunity for an exceptionally diverse locally based clientele to provide support for any business at this property!
Cully is Northeast Portland’s largest neighborhood by land area and population; it is over 3 square miles, and its population as of the the most recent US Census is 13,322. Cully includes the most racially/ethnically diverse Census tract in Oregon by some measures. The majority of the neighborhood is zoned for single-family dwellings; only two areas, along the western boundary at N.E. 42nd Ave. with the neighboring Alberta Arts District and the central artery, Cully Blvd., are zoned for commercial activity. This creates tremendous opportunity for an exceptionally diverse locally based clientele to provide support for any business at this property!
Property Facts
Sale Type
Owner User
Property Type
Building Size
3,753 SF
Building Class
C
Year Built
1956
Price
$1,200,000
Price Per SF
$320
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,753 SF
Building FAR
0.41
Land Acres
0.21 AC
Zoning
C2
Amenities
- Bus Line
- Signage
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Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | R197545 | Improvements Assessment | $0 (2023) |
Land Assessment | $0 (2023) | Total Assessment | $148,860 (2023) |
PROPERTY TAXES
Parcel Number
R197545
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$148,860 (2023)
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5265 NE 42nd Ave
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