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2931-2935 NE Broadway St

3,338 SF Retail Building Portland, OR 97232 £703,423 (£211/SF)

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Investment Highlights

Stable investment property with long term tenants
Two blocks from I-84

Highly visible corner lot

Executive Summary

Long term tenancies include a wellness center and counseling practice in this stabilized asset. The three-story commercial property built in 1907, includes a main level storefront suite with historical charm, and fully occupied second and third level off ices. Recent updates include a +/- 8 yr old roof and water heater, Milgard windows, low VOC paint, eco-friendly marmoleum flooring, and carpet produced from recycled aluminum cans. Potential for two food cart pads on east side of building with water and electrical access offers potential for additional
income.

2931-2935 NE Broadway Sale Flyer_compressed

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

3,338 SF

Building Class

Year Built

1907

Price

£703,423

Price Per SF

£211

Tenancy

Multiple

Number of Floors

Building FAR

1.16

Lot Size

0.07 AC

Zoning

CM2

Frontage

57 ft on Broadway St

Amenities

Bus Route

Signalised Intersection

Space Availability

1st Floor
950 SF
Retail
-
Now

1/5

2931-2935 NE Broadway St, Portland, OR for sale Building Photo- Image 1 of 5 — Building Photo

2931-2935 NE Broadway St, Portland, OR for sale Building Photo- Image 2 of 5 — Building Photo

2931-2935 NE Broadway St, Portland, OR for sale Building Photo- Image 3 of 5 — Building Photo

2931-2935 NE Broadway St, Portland, OR for sale Building Photo- Image 4 of 5 — Building Photo

2931-2935 NE Broadway St, Portland, OR for sale Building Photo- Image 5 of 5 — Building Photo

+/- 950 SF corner retail/office located at the busy intersection of NE Broadway and NE 30th Ave. Previously used as a barbershop. Heavy foot traffic and high traffic counts for great exposure. Serviced by TriMet bus with nearby stops. Blocks from Fred Meyer, New Seasons, restaurants, breweries and more with easy I-84 access.