3822 Corbett AvePortland, OR 97239

Property Details for 3822 Corbett Ave

Year built

1890

Lot size

0.17 AC

Property size (Sq ft)

1,625 SF

Zone code

R2

Property type

Investment properties

Property subtype

Live-work space

APN

1S1E10CA 07200

APU

1S1E10CA07200

Description

This exceptional 1,625 square foot creative office space is available for lease in Portland, Oregon. Located at 3822 S Corbett Ave, in Multnomah County, zip code 97239, this single-tenant property offers a unique opportunity for businesses seeking a versatile and inspiring workspace. The property is classified as both retail and office, making it suitable for a wide range of uses. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. The building's total square footage is 1,625 square feet, providing ample room for operations and potential expansion. Its location in Portland offers easy access to various amenities and transportation options, making it an attractive location for employees and clients alike. The property's "creative office" designation suggests a modern and adaptable layout, potentially featuring open floor plans, high ceilings, and large windows, ideal for fostering a collaborative and innovative work environment. This is a rare opportunity to secure a fully vacant, single-tenant building in a desirable Portland location. Interested parties are encouraged to inquire promptly to learn more about leasing this unique property.

• CAP approach

  CAP return

  Valuation

  6%

  $446,322

  6.5%

  $411,990

  7%

  $382,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,942

  Geo Method

  $312,942

• Alternative Use

  Use

  Valuation

  Residential

  $510,868

  Hospitality

  $467,952

  Educational

  $389,331

  Medical

  $402,720

  Retail

  $605,625

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4955

Longitude

-122.676

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

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