Motivated Seller - Flex Building Roseway | 7131 NE Prescott St
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Motivated Seller - Flex Building Roseway 7131 NE Prescott St
3,150 SF 100% Leased Retail Building Portland, OR 97218 $725,000 ($230/SF)
Investment Highlights
- Owner User
- 100% Occupied
- High Visibility
- Off Street Parking
- Newer Systems
Executive Summary
This 3,100 square foot free-standing flex building is located in the vibrant Roseway neighborhood, offering retail or office space use. Situated on a high-visibility street, the property benefits from excellent exposure, making it an ideal location for businesses looking to attract customers. It is conveniently located on a bus line, enhancing accessibility for both clients and employees.
The space features newer systems, ensuring a modern and efficient infrastructure, and is well-suited for a variety of uses, including retail shops, professional offices, or a combination of both. This property is an excellent opportunity for an owner-user looking to establish a presence in a growing area or for investors seeking strong rental potential in a dynamic market. With its prime location and flexible layout, this property is poised to meet the needs of a wide range of tenants or business owners. Off street parking.
The space features newer systems, ensuring a modern and efficient infrastructure, and is well-suited for a variety of uses, including retail shops, professional offices, or a combination of both. This property is an excellent opportunity for an owner-user looking to establish a presence in a growing area or for investors seeking strong rental potential in a dynamic market. With its prime location and flexible layout, this property is poised to meet the needs of a wide range of tenants or business owners. Off street parking.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,150 SF
Building Class
B
Year Built
1950
Price
$725,000
Price Per SF
$230
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.15 AC
Zoning
CM1 - Commercial Mixed Use For Retail or Office
Parking
4 Spaces (1.27 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R232446 | Total Assessment | $203,360 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R232446
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$203,360 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Motivated Seller - Flex Building Roseway | 7131 NE Prescott St
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