1448 28Th AvePortland, OR 97232

Property Details for 1448 28Th Ave

Year built

1909

Property size (Sq ft)

2,903 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, located at 1448 NE 28th Ave in Portland, Oregon's desirable Sullivan's Gulch neighborhood, presents a rare investment opportunity. The 2,903 square foot building, constructed in 1909 and completely renovated in 2021, boasts a Class A designation. The property features a ground floor commercial space (zoned CM1, previously leased on a gross modified lease) ideal for a variety of uses, including a coffee shop, bar, restaurant, or office space. The space includes a new grease trap, garage doors, closed-cell insulation, and Tesla charging ports in the driveway. Upstairs, the completely renovated residential portion (zoned R3) offers versatile options, including Airbnb use or a live-work space. This area features a large 220 square foot balcony. Building upgrades are extensive, encompassing new electrical, plumbing, siding, HVAC, central air, reclaimed hardwood floors, windows, doors, and exterior lighting and brick. The property's convenient location offers excellent walkability and bikeability scores (95 and 97, respectively), with proximity to the Rose Quarter (2 miles), downtown Portland (4.8 miles), and Portland International Airport (6.6 miles). The asking price is $1,390,000. This meticulously renovated building presents a compelling investment opportunity with strong potential for rental income and appreciation. Detailed renovation photos are available.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5336

Longitude

-122.637

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].