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Mixed-Use Space

Mixed-Use Space

http://www.josephbernard.net/mixed-use-space
Address:
1901 N Killingsworth St, Portland, Oregon 97217
Price:
$875,000
Units:
3
Price per unit:
$291,667
Cap Rate:
0%
Year Built:
1909

Highlights

  • Current configuration is a mixed use triplex
  • Commercial space $890/month
  • Commercial space w/adjacent apartment $1,500/month
  • Property taxes: $2,325
  • Sale includes land and building (existing businesses excluded from sale)
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Mixed-Use Space

Summary

The property currently features an existing mixed-use triplex consisting of one commercial/residential space and one commercial space. The property has excellent corner lot development potential. Currently, the 2500 square foot property earns $2,390 monthly ($1,500 for commercial space with apartment and $890 for the commercial space) and has off street parking. Sale includes the land and building only, NOT the existing businesses.

 

ZONING: CS (Storefront Commercial) zone

The Storefront Commercial (CS) zone is intended to preserve and enhance older commercial areas that have a storefront character. The zone intends that new development in these areas will be compatible with this desired character. The zone allows a full range of retail, service and business uses with a local and regional market area. Industrial uses are allowed but are limited in size to avoid adverse effects different in kind or amount than commercial uses and to ensure that they do not dominate the character of the commercial area. The desired character includes areas which are predominantly built-up, with buildings close to and oriented towards the sidewalk especially at corners. Development is intended to be pedestrian-oriented and buildings with a storefront character are encouraged.

Highlights

  • Current configuration is a mixed use triplex
  • Commercial space $890/month
  • Commercial space w/adjacent apartment $1,500/month
  • Property taxes: $2,325
  • Sale includes land and building (existing businesses excluded from sale)

Mixed-Use Space

N Killingsworth St/N Campbell Ave

Mixed-Use Space

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Mixed-Use Space

Document Title Document Type
Property Flyer Adobe PDF

Mixed-Use Space

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax