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Office Vacant-User

Tub & Tan Building

8028 SE Stark St, Portland, OR 97215

Listing Price: $1,150,000

Cap Rate
7.78%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$230.00
Lot Size
0.11 acres
Year Built
1941

Investment Overview

Marcus & Millichap is pleased to present the ability to obtain Fee Simple ownerchip of 8028 SE Stark Street in Portland Oregon's highly desirable Montavilla Neighborhood. The 5,000 SF office or retail building and CM2 zoned lot have been home to the Tub & Tan for several decades, a popular business allowing for private party hot tub soaking, sauna and tanning booths. The building may continue to be used as the same concept or renovated for a variety of commercial uses, with the ability to add several stories of multifamily housing above the existing structure.

Investment Highlights

  • Historic 5,000 SF Office/Retail Building Desirable Montavilla
  • Dynamic Property Allowing for Multiple Uses Including the Resurrection of a Popular Business with Established Customer Base and Goodwill
  • Motivated Local Sellers Able to Help Local Business Owners Thrive in this Location and Willing to Meet the Market Given the Current Lending Envirnment

Exclusively Listed By

Financing By

Office Vacant-User

Tub & Tan Building

Listing Price: $1,150,000

Cap Rate
7.78%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$230.00
Lot Size
0.11 acres
Year Built
1941

Investment Highlights

  • Historic 5,000 SF Office/Retail Building Desirable Montavilla
  • Dynamic Property Allowing for Multiple Uses Including the Resurrection of a Popular Business with Established Customer Base and Goodwill
  • Motivated Local Sellers Able to Help Local Business Owners Thrive in this Location and Willing to Meet the Market Given the Current Lending Envirnment

Investment Overview

Marcus & Millichap is pleased to present the ability to obtain Fee Simple ownerchip of 8028 SE Stark Street in Portland Oregon's highly desirable Montavilla Neighborhood. The 5,000 SF office or retail building and CM2 zoned lot have been home to the Tub & Tan for several decades, a popular business allowing for private party hot tub soaking, sauna and tanning booths. The building may continue to be used as the same concept or renovated for a variety of commercial uses, with the ability to add several stories of multifamily housing above the existing structure.

Exclusively Listed By

Financing By

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