646 Thompson StPortland, OR 97227

Property Details for 646 Thompson St

Year built

1924

Lot size

0.13 AC

Property size (Sq ft)

5,500 SF

Zone code

IG1S

Property type

Auto shops

APN

1N1E27CA 07600

APU

1N1E27CA07600

Description

This 5,500 square foot general commercial property, situated on a 0.13-acre lot at 646 N Thompson St in Portland, Oregon, presents a unique opportunity for small contractors and makers. Historically used as a manufacturing facility, the building's size and central Portland location offer significant potential. The property is currently occupied by a long-term tenant (over 20 years) who will vacate by March 1, 2025, allowing for immediate redevelopment or occupancy upon their departure. The listed price is $1,300,000. Please note that any income and expense figures associated with the property are approximate and should be independently verified. The property's existing configuration is suitable for a variety of uses, making it an attractive investment for those seeking a well-located, sizable space in a thriving urban environment. The ample square footage provides flexibility for customization and expansion, catering to the specific needs of a diverse range of businesses. Given the tenant's long history at the location, the property benefits from established infrastructure and potential for seamless transition. This is a rare opportunity to acquire a substantial commercial property in a desirable Portland neighborhood.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5385

Longitude

-122.673

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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