Mt. Scott Building 20 NW 2nd St 9,200 SF 100% Leased Retail Building Gresham, OR 97030 £1,055,291 (£114.71/SF)
INVESTMENT HIGHLIGHTS
- Roof replaced in 2007
- Short term leases in-place
- Property taxes: $18,539.85
- Well maintained commercial building
- Access and retail storefronts on the North and West side of the building
EXECUTIVE SUMMARY
Single story retail building with a total of 5 retail tenants on short term leases. The short-term leases in place allow for an owner/user to purchase the building or an investor to take over the upcoming lease renewals. The current annual gross income is $116,160. The property benefits from the City controlled surface parking lot along with the on-street parking around the building.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,200 SF
Building Class
C
Year Built
1973
Price
£1,055,291
Price Per SF
£114.71
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.92
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
DCC - Deschutes County Code
Parking
10 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
101 ft on Northwest 2nd Street
AMENITIES
- Bus Route
- Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R217821 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £763,609 |
