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Halsey Street Professional Center 2 Office Properties Offered at $1,212,640 CAD in Portland, OR
Investment Highlights
- Two separate commercial buildings provide flexibility for investment or owner-user occupancy.
- Vacant building creates an opportunity for occupancy or additional lease revenue.
- Property includes 18 on-site parking spaces for tenants and visitors.
- Existing tenant offers immediate income with annual 3% rent increases.
- CM1 zoning supports a variety of commercial use possibilities.
- Roof and HVAC systems were replaced in 2017, reducing near-term capital needs.
Executive Summary
Offered for sale at $880,000, 12715 & 12707 NE Halsey Street presents an opportunity for investors and owner-users seeking immediate occupancy with in-place income. The property consists of two separate commercial buildings totaling 3,600 square feet on approximately 0.43 acres (18,717 square feet) and is zoned CM1. One 1,800-square-foot building is leased at $3,278 per month with annual 3% rent increases and two additional three-year renewal options, providing stable income and future rent growth. The second 1,800-square-foot building is currently vacant, creating flexibility for an owner-occupant or the potential to lease for additional revenue. The site includes 18 parking spaces and benefits from frontage along NE Halsey Street with access to TriMet's #77 bus line. Capital improvements include a roof and HVAC system installed in 2017. Annual property taxes for 2025 are $11,016.34. No signage is currently located on the property.
Property Facts
| Price | $1,212,640 CAD | Number of Properties | 2 |
| Price / SF | $336.84 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 3,600 SF |
| Status | Active | Total Land Area | 0.86 AC |
| Price | $1,212,640 CAD |
| Price / SF | $336.84 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,600 SF |
| Total Land Area | 0.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
B
12715 NE Halsey St, Portland, OR 97230 |
Office | 1,800 SF | 1973 | - |
|
A
12707 NE Halsey St, Portland, OR 97230 |
Office | 1,800 SF | 1973 | - |
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Halsey Street Professional Center
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