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Office Vacant-User

Montavilla Spa Building

8028 SE Stark St & 8025 SE Washington St, Portland, OR 97215

Listing Price: $1,550,000

Cap Rate
8.09%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$155.00
Lot Size
0.23 acres
Year Built
1941

Investment Overview

Marcus & Millichap is pleased to offer the Fee Simple ownership of 8028 SE Stark Street and 8025 SE Washington Street in the heart of SE Portland Oregon's walkable Montavilla Neighborhood. The 10,000 square foot site benefits from flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily, office and more. The5,000 square foot retail building has the ability to be completely open with one row of columns and has multiple walls and rooms in its current configuration that may be utilized for retail or office purposes. The ability to add several stories of multifamily housing above the existing structure allows for future redevelopment while the current building is perfect for adaptive reuse to utilize the high foot traffic SE Stark Street in Montavilla is famous for. The area is served by mass transit, has free street parking and is close to Highway 213 (82nd Avenue) and I-205.

Investment Highlights

  • Historic 5,000 square foot retail, light industrial or office building on SE Stark Street in the heart of walkable Montavilla
  • Extra 5,000 square foot parcel added at 8025 SE Washington with 700+ square foot house and covered outdoor spa area
  • Flexible mixed use CM2 zoning allows for a variety of uses including retail, light industrial, multifamily, office and more

Exclusively Listed By

Financing By

Office Vacant-User

Montavilla Spa Building

Listing Price: $1,550,000

Cap Rate
8.09%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$155.00
Lot Size
0.23 acres
Year Built
1941

Investment Highlights

  • Historic 5,000 square foot retail, light industrial or office building on SE Stark Street in the heart of walkable Montavilla
  • Extra 5,000 square foot parcel added at 8025 SE Washington with 700+ square foot house and covered outdoor spa area
  • Flexible mixed use CM2 zoning allows for a variety of uses including retail, light industrial, multifamily, office and more

Investment Overview

Marcus & Millichap is pleased to offer the Fee Simple ownership of 8028 SE Stark Street and 8025 SE Washington Street in the heart of SE Portland Oregon's walkable Montavilla Neighborhood. The 10,000 square foot site benefits from flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily, office and more. The5,000 square foot retail building has the ability to be completely open with one row of columns and has multiple walls and rooms in its current configuration that may be utilized for retail or office purposes. The ability to add several stories of multifamily housing above the existing structure allows for future redevelopment while the current building is perfect for adaptive reuse to utilize the high foot traffic SE Stark Street in Montavilla is famous for. The area is served by mass transit, has free street parking and is close to Highway 213 (82nd Avenue) and I-205.

Exclusively Listed By

Financing By

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