- ADDRESS:
- 5263 NE NE MLK Jr. BLVD Portland, OR 97211
- VIDEOS:
- Print this Listing
- Price:
- $450,000
- Ft²:
- 952
- Acres:
- 1.6
- MLS#:
- 311665647
- Lot Size:
- 1 to 2.99 Acres
- Zone:
- CM3
- County:
- Multnomah
- Yr Built:
- 2007
- Status:
- Active
- Heat:
- Forced Air, Zoned
- Roof:
- Flat
- Area:
- Portland Northeast
- Courtesy of:
- Knipe Realty ERA Powered
- Remarks:
- Rare opportunity to acquire a fully leased two-suite commercial condominium located on the ground floor of Vanport Square, a mixed-use retail and office complex. The Property consists of two separately demised suites, both occupied by tenants on short-term leases, providing immediate cash flow while preserving flexibility for future occupancy.The configuration creates an ideal opportunity for both investors and owner-users. A purchaser may continue operating the Property as an income-producing investment or occupy one suite while generating rental income from the other. The front suite features prominent frontage and visibility along NE Martin Luther King Jr. Boulevard, benefiting from strong exposure to passing vehicle and pedestrian traffic. The Property is further supported by a rear off-street surface parking lot, providing convenient parking for tenants, customers, and visitors.