5265 42Nd AvePortland, OR 97218

Property Details for 5265 42Nd Ave

Year built

1956

Lot size

0.10 AC

Property size (Sq ft)

1,764 SF

Zone code

CGH

Property type

Office properties

APN

1N1E24AA 11000

APU

1N1E24AA11000

Description

This freestanding, 3,753 sq ft building in Portland's Cully neighborhood is offered at $1,200,000. Located on NE 42nd Ave's commercial corridor, this single-story, 1926/1956-built property sits on a 9,328 sq ft lot (APN: R197544 & R197545). Previously serving as a corporate office and union hall for over 25 years, it's zoned CM2, allowing for diverse uses. Ideal for owner-occupancy or redevelopment, this property offers significant potential in Cully, Portland's largest and most diverse neighborhood, providing access to a substantial and varied customer base. The flexible zoning permits various business types, including professional services (legal, real estate, insurance, medical, naturopathic, holistic), retail, or redevelopment opportunities. This presents a unique chance to establish a business in a thriving, culturally rich area. The property's history as a long-standing corporate office and union hall speaks to its stability and suitability for a variety of commercial ventures. Its prominent location on a busy commercial thoroughfare ensures high visibility and accessibility. The substantial lot size offers ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located commercial property in a rapidly growing and diverse neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $549,100

  6.5%

  $506,862

  7%

  $470,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,711

  Geo Method

  $339,711

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,046,250

  Retail / Commercial

  $527,045

  Mixed-Use / Specialty

  $517,707

  Hospitality / Lodging

  $370,113

  Institutional / Educational

  $535,541

  Residential Income

  $626,582

  Multifamily

  $792,843

  Automotive / Energy

  $459,035

  Parking / Income-Based Land

  $165,777

  Restaurant / Food Service

  $253,343

  Healthcare / Senior Housing

  $538,548

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5611

Longitude

-122.621

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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