For Sale
$2,295,000

7900-7912 35Th Ave Portland, OR 97219

Prime Portland location, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 6,554 square foot executive office building, constructed in 1914 and boasting a new roof, presents a unique owner-user opportunity in Portland, Oregon's desirable Multnomah Village. Located at 7900-7912 SW 35th Ave, 97219, this hard-corner property offers unparalleled visibility and convenient access to major highways, amenities, parks, schools, and public transportation. The building features a well-established, long-term restaurant tenant on the ground floor, generating a substantial net operating income (NOI) of $146,637.29, resulting in a compelling 6.39% cap rate. The asking price is $2,295,000. The second floor offers flexible space for an owner-user to occupy a portion or the entire area, effectively offsetting mortgage costs. A dedicated parking lot adds significant value. This property's prime location, strong tenant, and potential for future development make it an exceptional investment opportunity in a thriving Portland market. The building's history as a community staple, combined with its modern updates and strategic location, ensures a strong return on investment.

Highlights

  • High-visibility corner location in desirable Portland neighborhood with easy access to amenities, highways, and public transit.
  • High-traffic corner location with established anchor tenant, Marco's Café.
  • Strong development potential due to high Portland real estate demand.
  • Rare dedicated parking lot.
  • Second-floor lease flexibility for owner-occupancy.
  • New roof.

Property Details for 7900-7912 35Th Ave

Property type
Office properties
Square Feet
6,554 SF
Year Built
1914

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.4673368
Longitude
-122.7126419

FAQs

What type of property is this?
Office property - Prime Portland location, high ROI potential
Where is the office property located?
The property is located at 7900-7912 35Th Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: High-visibility corner location in desirable Portland neighborhood with easy access to amenities, highways, and public transit.; High-traffic corner location with established anchor tenant, Marco's Café.; Strong development potential due to high Portland real estate demand.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7900-7912 35Th Ave
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