6501 S Macadam Ave
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6501 S Macadam Ave
10,120 SF Office Building Portland, OR 97239 $2,300,000 ($227/SF)
Investment Highlights
- Highly desirable John's Landing Location
- Easy access to local amenities
- Bike Score (95) Bikers Paradise
- Neighborhood like Setting
- Walk Score (77) Very Walkable
Executive Summary
6501 S. Macadam Ave is a two-story office building in the desirable Johns Landing submarket. The 10,120 RSF building is 60% occupied with established tenants on M-T-M leases that could offset owner-user financing costs or be delivered vacant at closing. Across from the entrance to Willamette Park, the building was originally home to the Fred C Baker Lighting Company.
According to the Oregon Historical Society, Baker produced lighting for the Timberline Lodge and the Oregon State Capitol. Converted to office and retail in 1976, the north wing of the building has a unique feel throughout with mahogany wood paneling, a grand staircase, and 20-foot ceilings framing the skylights above. The south side was remodeled in2021 with contemporary updates. In addition to rare off-street parking, it is next door to McMenamins, the St. Honoré Bakery, and Café Du Berry.
According to the Oregon Historical Society, Baker produced lighting for the Timberline Lodge and the Oregon State Capitol. Converted to office and retail in 1976, the north wing of the building has a unique feel throughout with mahogany wood paneling, a grand staircase, and 20-foot ceilings framing the skylights above. The south side was remodeled in2021 with contemporary updates. In addition to rare off-street parking, it is next door to McMenamins, the St. Honoré Bakery, and Café Du Berry.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
10,120 SF
Building Class
C
Year Built
1969
Price
$2,300,000
Price Per SF
$227
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,060 SF
Slab To Slab
8’
Building FAR
1.16
Land Acres
0.20 AC
Zoning
CM2
Parking
8 Spaces (0.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | R273124 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,022,540 |
PROPERTY TAXES
Parcel Number
R273124
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,022,540
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Seth Platsman -
Macadam Forbes, Inc.
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6501 S Macadam Ave
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