8223 N Decatur St
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8223 N Decatur St
11,076 SF Industrial Building Portland, OR 97203 $2,499,000 ($226/SF)
Investment Highlights
- Development potential, large 29,000 sq ft lot, great area of St. Johns. Updated building, very attractive exterior.
Executive Summary
Updated Industrial Building (warehouse) with significant development potential. Zoned CM3 (Commercial Mixed Use3). General uses for CM3 according to the City of Portland guidelines include Retail, Office and Residential. Close to Downtown St. Johns and with views of the Willamette River and the St. Johns bridge. Extraordinary investment opportunity. The St. Johns neighborhood is a great place to start or grow your business. Recent major improvements to the existing Building include new roof, exterior and interior paint, new overhead lighting and much more. There is also additional storage space on Mezzanine level totaling approximately 1870 sq ft. Seller would consider carrying a contract with sufficient down payment and acceptable terms.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,499,000 | Rentable Building Area | 11,076 SF |
| Price Per SF | $226 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1975/2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.05/1,000 SF |
| Building Class | C | Clear Ceiling Height | 21 FT |
| Lot Size | 0.67 AC | No. Drive In / Grade-Level Doors | 5 |
| Price | $2,499,000 |
| Price Per SF | $226 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.67 AC |
| Rentable Building Area | 11,076 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2024 |
| Tenancy | Single |
| Parking Ratio | 1.05/1,000 SF |
| Clear Ceiling Height | 21 FT |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Bus Line
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | R192071 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $441,310 (2023) |
PROPERTY TAXES
Parcel Number
R192071
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$441,310 (2023)
zoning
| Zoning Code | CM3 (https://www.portlandmaps.com/bps/zoning/#/zones/base/CM3) |
| CM3 (https://www.portlandmaps.com/bps/zoning/#/zones/base/CM3) |
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Benny Bland - Sortis Real Estate LLC
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Sortis Real Estate LLC
8223 N Decatur St
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