2123 Division StPortland, OR 97214

  • Other commercial real estate
  • 3,400 SF
For Lease
$32/SF/YR View listing

Property Details for 2123 Division St

Year built
1975
Lot size
0.11 AC
Property size (Sq ft)
3,400 SF
Zone code
CS
Property type
Other commercial real estate
APN
1S1E02DD 09100
APU
1S1E02DD09100

Description

This exceptional ±1,500 square foot retail space is ideally situated on Division Street in the heart of Portland, Oregon. Located at 2123 SE Division St, zip code 97214, this single-story building offers a versatile open floor plan, perfect for a variety of uses including retail, service-based businesses, or office space. The property is zoned CM - Commercial, allowing for flexibility in tenant operations. The building totals 3,400 square feet, with this particular space comprising approximately 1,500 square feet. A significant advantage is the inclusion of rare off-street parking, a highly desirable feature in this vibrant urban location. The property boasts a convenient single-tenancy setup, eliminating the complexities of shared spaces. There are no elevators in this single-story building. The lease rate is $32.00 per square foot, plus NNN charges. The space is available immediately, presenting a timely opportunity for businesses seeking a prime location in a thriving Portland neighborhood. This property offers a unique blend of accessibility, ample space, and desirable location, making it an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,068,892
    Hospitality
    $979,100
    Educational
    $814,599
    Medical
    $842,615
    Retail
    $1,267,154
2123 Division St, Portland, Oregon

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.505
Longitude
-122.644
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,504
-
-
$283,170
-
$356,430
$776,640
$1,133,070

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