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Listed by Apex Residential
$ 2,450,000
Est. payment | /mo
8,543 SqFt
$ 2,450,000
Est. payment | /mo
8,543 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,543 sqft
Price per Sqft $286
MLS Listing ID 553318096
Year Built 1965
Annual Tax Amount $19,737
Tax Year 2024
Lot Size 0.340 Acres
Property Sub-Type Office
Property Description
Situated in Portland's vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation. Built in 1965, the LorLin Building was designed by Burton Goodrich, a protégé of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs. Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value. Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local environment, positioning it for both immediate and long-term growth.
Location
State OR
County Multnomah
Area _142
Zoning RM3
Interior
Heating Forced Air, Other
Cooling Central Air
Equipment SecuritySystem, Sprinkler
Exterior
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Friederike Svensson
REALTOR® | Lic# 201220054