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Listed by Knipe Realty ERA Powered • 503-201-8537
$ 450,000
Est. payment /mo
New
5263 NE NE MLK Jr. BLVD Portland, OR 97211
952 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 952 sqft
Price per Sqft $472
MLS Listing ID 311665647
Year Built 2007
Annual Tax Amount $4,414
Tax Year 2025
Lot Size 1.600 Acres
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire a fully leased two-suite commercial condominium located on the ground floor of Vanport Square, a mixed-use retail and office complex. The Property consists of two separately demised suites, both occupied by tenants on short-term leases, providing immediate cash flow while preserving flexibility for future occupancy.The configuration creates an ideal opportunity for both investors and owner-users. A purchaser may continue operating the Property as an income-producing investment or occupy one suite while generating rental income from the other. The front suite features prominent frontage and visibility along NE Martin Luther King Jr. Boulevard, benefiting from strong exposure to passing vehicle and pedestrian traffic. The Property is further supported by a rear off-street surface parking lot, providing convenient parking for tenants, customers, and visitors.
Location
State OR
County Multnomah
Area _142
Zoning CM3
Interior
Heating Forced Air, Zoned
Cooling Central Air
Exterior
Roof Type Flat
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
