Presenting a distinguished investment opportunity at Multnomah Village Wellness Center & Retail! This fully leased commercial property spans 8,400 square feet and was originally built in 1947. It seamlessly blends historic charm with contemporary amenities, making it a standout asset in the heart of Multnomah Village. This property guarantees a stable income stream with all 14 units fully leased. Tenants include well-known retail brands like Frey's Furniture, Narrative Home, and Katelyn's Closet?alongside 11 esteemed wellness professionals and traditional office tenants. This diverse tenant mix not only ensures a resilient income flow but also enhances the building's appeal to a broad clientele.Excellent rental rates with built-in yearly escalations and long-term tenants provide a reliable and growing income stream. The building has undergone significant upgrades in the last five years, including a new roof, furnace, air conditioning system, and new stairs, ensuring modern comfort and reliability for tenants.The property is meticulously maintained, with four units featuring elegant hardwood flooring. Common areas feature reception seating, wet bars, and two second-story entrances with newly refinished staircases. One suite boasts access to a second-story patio, offering a unique perk for its occupant.Additionally, the property provides 15 parking spaces, ensuring convenience for tenants and their clients.Located in the vibrant Multnomah Village, this property benefits from high foot traffic and excellent visibility. The area is known for its thriving commercial activity, making it an ideal location for businesses.
Lot & Building Features
ConstructionBlock, Shake Siding, Full Basement
CoolingCentral Air, Heat Pump
HeatingForced Air, Heat Pump
Parking DescriptionOff Street, Paved
SewerPublic Sewer
WaterPublic Water
Price History of 7409 CAPITOL HWY, Portland, OR
Date
Name
Price
Difference
11/08/2024
Price Adjustment
$2,295,000
14.84%
06/10/2024
Listing Price
$2,695,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
7409 CAPITOL HWY (MLS #24089046) is a commercial listing located in Portland, OR.
This commercial listing is 8,400 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 77 years old. This property was listed on 06/10/2024 and has been priced for sale at $2,295,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Berkshire Hathaway HomeServices NW Real Estate