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Mixed-Use

Owner/User Opportunity Near SE Hawthorne Blvd

1617 SE 12th Ave, Portland, OR 97214

Listing Price: $1,015,000

Number of Units
1
Occupancy
100.0%
Price/Unit
$1,015,000

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale the property located at 1617 SE 12th Avenue in Portland, OR. This is a mixed-use building with a commercial suite on the ground floor and a residential unit on the second floor. This property includes a commercial kitchen build out and an oversized backyard with storage. Located one block off Hawthorne Blvd and directly next to Ladd's Addition (Portland's oldest planned residential development.) Surrounded by local favorites such as Cartopia and Lardo as well as regional retailers like Burgerville. This property offers a great opportunity for an owner-user or live-work investor because the current tenants lease ends January 2023. The current tenant is working to rectify some changes made to the property. All permits have been approved by the city. The upstairs will be a residential unit with an entrance on the front side of the building and the downstairs will remain commercial. Approved plans can be provided if requested.

Investment Highlights

  • Great Owner/User or Live/Work Opportunity
  • Prime Location Near Hawthorne and Ladd's Addition
  • Mixed-Use Property with a Retail Suite on the Ground Floor and a Residential Unit on the Second Floor
  • Surrounded by Local and Regional Retailers

Exclusively Listed By

Mixed-Use

Owner/User Opportunity Near SE Hawthorne Blvd

Listing Price: $1,015,000

Number of Units
1
Occupancy
100.0%
Price/Unit
$1,015,000

Investment Highlights

  • Great Owner/User or Live/Work Opportunity
  • Prime Location Near Hawthorne and Ladd's Addition
  • Mixed-Use Property with a Retail Suite on the Ground Floor and a Residential Unit on the Second Floor
  • Surrounded by Local and Regional Retailers

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale the property located at 1617 SE 12th Avenue in Portland, OR. This is a mixed-use building with a commercial suite on the ground floor and a residential unit on the second floor. This property includes a commercial kitchen build out and an oversized backyard with storage. Located one block off Hawthorne Blvd and directly next to Ladd's Addition (Portland's oldest planned residential development.) Surrounded by local favorites such as Cartopia and Lardo as well as regional retailers like Burgerville. This property offers a great opportunity for an owner-user or live-work investor because the current tenants lease ends January 2023. The current tenant is working to rectify some changes made to the property. All permits have been approved by the city. The upstairs will be a residential unit with an entrance on the front side of the building and the downstairs will remain commercial. Approved plans can be provided if requested.

Exclusively Listed By

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