3526 Corbett AvePortland, OR 97239

Property Details for 3526 Corbett Ave

Year built

1932

Lot size

0.05 AC

Property size (Sq ft)

1,008 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1S1E10CA 05601

APU

1S1E10CA05601

Description

This exceptional 2,028 square foot office building, situated on a 0.05-acre lot in desirable Southwest Portland, presents a unique opportunity for owner-occupants or investors. Currently configured as a medical office, the space is move-in ready and will be vacant at the year's end. The main level boasts a welcoming receptionist area with ample built-in storage, a comfortable waiting room featuring a fireplace, three treatment rooms, a bathroom, and a smaller private office. All rooms benefit from functional windows, ensuring natural light and ventilation. One treatment room is equipped with a sink and a Multipure water filtration system. Beyond the main level, the property includes a 720 square foot basement and a 300 square foot sub-basement, providing substantial additional storage space. Both the full attic and basement offer generous headroom, further enhancing storage capacity. The building is available fully furnished, offering a seamless transition for new occupants. This turnkey opportunity combines prime location, functional layout, and significant storage potential, making it an ideal investment or professional workspace. The asking price is $550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $276,857

  6.5%

  $255,561

  7%

  $237,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,121

  Geo Method

  $194,121

• Alternative Use

  Use

  Valuation

  Residential

  $316,895

  Hospitality

  $290,274

  Educational

  $241,505

  Medical

  $249,810

  Retail

  $375,674

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4975

Longitude

-122.676

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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