3417 22Nd AvePortland, OR 97202

Property Details for 3417 22Nd Ave

Year built

1989

Construction

CONCRETE BLOCKS

Lot size

0.12 AC

Property size (Sq ft)

3,150 SF

Zone code

IG1

Property type

Auto shops

APN

1S1E11AD 18500

APU

1S1E11AD18500

Description

This exceptional investment opportunity presents two adjacent industrial buildings totaling 6,342 square feet, situated on a 10,320 square foot lot in Portland, Oregon's desirable Close-in Eastside. Built in 1989 and zoned IG1, these properties offer significant potential for various industrial uses. Each building features 13-14 foot ceilings and two dock-high doors, providing ample space and efficient loading capabilities. The property includes six parking spaces. The buildings are available for purchase individually—3417 SE 22nd Avenue for $865,000 and 3427 SE 22nd Avenue for $835,000—or as a combined portfolio for $1,700,000. The seller is open to considering cash or terms. This is a rare opportunity to acquire a well-located, versatile industrial property in a thriving market. The address is 3417 & 3427 SE 22nd Avenue, Portland, OR 97202. This property is comprised of two units.

• CAP approach

  CAP return

  Valuation

  6%

  $1,271,813

  6.5%

  $1,173,981

  7%

  $1,090,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,528,700

  Geo Method

  $1,528,700

• Alternative Use

  Use

  Valuation

  Residential

  $990,297

  Hospitality

  $907,107

  Educational

  $754,702

  Medical

  $780,658

  Retail

  $1,173,981

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4978

Longitude

-122.644

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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