711 Halsey StPortland, OR 97232

Property Details for 711 Halsey St

Year built

1993

Lot size

0.22 AC

Property size (Sq ft)

10,200 SF

Zone code

CXD

Property type

Office properties

Property subtype

Other office properties

APN

1N1E26CC 12500

APU

1N1E26CC12500

Description

This exceptional 10,200 square foot commercial property, located at 711 NE Halsey Street in Portland, Oregon, 97232, presents a unique opportunity for a variety of businesses. Built in 1993, this single-tenant building offers a two-story layout, ideal for retail or educational uses. The property is zoned CX (Central Commercial), providing flexibility for a range of potential occupants. The space is currently available for immediate occupancy, representing a significant advantage for businesses seeking a quick start. The building's substantial size allows for ample room for operations, storage, and potential expansion. Its location on NE Halsey Street offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and staff. This second-generation space provides a ready-to-occupy environment, minimizing the need for extensive renovations or build-outs. Interested parties are encouraged to inquire about lease rates. The property's prime location and versatile zoning make it an attractive investment for businesses seeking a thriving Portland location. This is a single-story building with a total of 10,200 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,801,532

  6.5%

  $2,586,030

  7%

  $2,401,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,964,316

  Geo Method

  $1,964,316

• Alternative Use

  Use

  Valuation

  Residential

  $3,206,677

  Hospitality

  $2,937,298

  Educational

  $2,443,798

  Medical

  $2,527,844

  Retail

  $3,801,464

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5338

Longitude

-122.658

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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