Your email has been sent.
5257-5265 NE Martin Luther King Blvd - Vanport Square 952 SF Office/Retail Condo Unit Offered at $625,621 CAD in Portland, OR 97211
Investment Highlights
- Off-street parking lot
- Exterior and common area maintenance professionally managed by HOA
- Assumable below-market financing available for qualified buyers
- Flexible tenancy options with in-place income for investors or owner-users
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | R611000 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | R611000 |
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.
- Owner-user or Investor Opportunity
- Off-street Parking Available
- Exterior and common areas professionally managed by HOA
- Ground-floor commercial condo with excellent exposure to NE MLK Jr. Blvd.
Assumable below-market financing available for qualified buyers. Contact broker for details
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5263 | 952 SF | Office/Retail | $625,621 CAD ($657.17 CAD/SF) | - |
Unit 5263
| Unit Size |
| 952 SF |
| Condo Use |
| Office/Retail |
| Price |
| $625,621 CAD ($657.17 CAD/SF) |
| NOI |
| - |
Unit 5263
| Unit Size | 952 SF |
| Condo Use | Office/Retail |
| Price | $625,621 CAD ($657.17 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | R611000 |
| 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.<br> 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. <br> 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.</li></ul> | |
| Sale Notes | |
| <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> Owner-user or Investor Opportunity<br> </li><li> Off-street Parking Available<br> </li><li> Exterior and common areas professionally managed by HOA<br> </li><li> Ground-floor commercial condo with excellent exposure to NE MLK Jr. Blvd.<br> Assumable below-market financing available for qualified buyers. Contact broker for details</li></ul> |
Property Facts
| Total Building Size | 14,930 SF | Typical Floor Size | 4,977 SF |
| Property Type | Year Built | 2007 | |
| Building Class | B | Lot Size | 0.93 AC |
| Floors | 3 | Parking Ratio | 3.35/1,000 SF |
| Zoning | EXd, Portland | ||
| Total Building Size | 14,930 SF |
| Property Type | |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 4,977 SF |
| Year Built | 2007 |
| Lot Size | 0.93 AC |
| Parking Ratio | 3.35/1,000 SF |
| Zoning | EXd, Portland |
Amenities
- Bus Line
- Courtyard
- Property Manager on Site
- Restaurant
- Signage
- Central Heating
- Air Conditioning
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Multiple |
-
|
June 2021
|
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Presented by
5257-5265 NE Martin Luther King Blvd - Vanport Square
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.