2240 82Nd AvePortland, OR 97216

Property Details for 2240 82Nd Ave

Year built

1977

Lot size

0.18 AC

Property size (Sq ft)

1,217 SF

Zone code

CS

Property type

Automotive properties

APN

1S2E04CC 08000

APU

1S2E04CC08000

Description

This exceptional single-tenant industrial property, located on SE 82nd (near SE Division St), offers 1,217 square feet of versatile space, perfect for a variety of industrial uses. Built in 1977, this one-story building sits on a lot with ample parking, accommodating eight vehicles. The property is zoned CS and features no elevators. The entire 1,217 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. The property's Assessed Parcel Number (APN) is R332467, located in Multnomah County. This is an ideal space for a business seeking a functional and conveniently located industrial property. The property's single-tenant occupancy simplifies management and provides a clear, straightforward investment opportunity. The ample parking ensures convenient access for employees and clients. Its location near SE Division St offers excellent visibility and accessibility. This property is ready for immediate use and presents a strong value proposition for the right tenant. The property's single-story design offers easy navigation and efficient use of space. The CS zoning should be verified by the prospective tenant to ensure compatibility with their intended use. This is a rare opportunity to acquire a well-located, readily available industrial space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $491,364

  6.5%

  $453,567

  7%

  $421,169

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,612

  Geo Method

  $590,612

• Alternative Use

  Use

  Valuation

  Residential

  $382,601

  Hospitality

  $350,460

  Educational

  $291,579

  Medical

  $301,606

  Retail

  $453,567

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5068

Longitude

-122.578

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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