Remarks

Rare opportunity to buy an investment property in prime location. It is located in a busy corner of SE 20th and Stark street. The lease is 5 years and two 5 year options with NNN. Busy grocery store is occupying the premises. It has 6 parking on the premises and has street parking too.The parking is more than enought. Most customers don't drive. The current rent is $3,300 and the rent goes up by 2% a year.The building is 2,846 SF: the main level is about 1,846 SF and has about 1,000 SF of basement which has 2 bedrooms and 1 bath.It can't be rented because it doesn't have legal sized egress, ingress windows.

Details

MLS#: 500888665
Price: $690,000

Style: Commercial
Sq Ft: 2846
Year Built: 1925

County: Multnomah
Tax Fee: 3203.6999999999998