3400 122Nd AvePortland, OR 97236

Property Details for 3400 122Nd Ave

Year built

1956

Lot size

0.30 AC

Property size (Sq ft)

9,580 SF

Zone code

R2A

Property type

Automotive properties

APN

1S2E11BC 10800

APU

1S2E11BC10800

Description

This exceptional Portland, Oregon commercial property offers a rare owner-user opportunity with two buildings totaling 11,720 square feet on a 25,349 square foot lot. Located at 3400 SE 122nd Ave, in the 97236 zip code, this property features Building A, a 9,580 square foot retail/showroom space with three grade-level roll-up doors and a quality concrete tilt-up construction, and Building B, a 2,140 square foot office/residential building. The property boasts secure off-street parking, signage availability, and paved/fenced parking/yard storage areas. Priced at $2,323,817 ($198 per square foot), this investment presents flexible CM1 zoning, allowing for a wide range of retail, office, and residential uses. The property's two buildings provide ample space and versatility for a variety of business needs. This is a unique opportunity to acquire a substantial commercial property in a desirable Portland location. The APN is R334152 & R334151. The property is currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $3,867,927

  6.5%

  $3,570,394

  7%

  $3,315,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,649,190

  Geo Method

  $4,649,190

• Alternative Use

  Use

  Valuation

  Residential

  $3,011,761

  Hospitality

  $2,758,757

  Educational

  $2,295,253

  Medical

  $2,374,190

  Retail

  $3,570,394

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4977

Longitude

-122.537

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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