Mixed-Use Space
Mixed-Use Space
https://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:
- N/A
- 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
Mixed-Use Space
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
Mixed-Use Space
Bernard Gehret
bgehret@josephbernard.net5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax