OR > Portland
Portland, OR 97232,200 NE 20TH AVE
Portland, OR 97232,200 NE 20TH AVE
Portland, OR 97232,200 NE 20TH AVE
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Listed by Apex Residential
$2,450,000
Est. payment /mo
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8,543 SqFt
Active

200 NE 20TH AVE Portland, OR 97232

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 8,543 sqft

Price per Sqft $286

MLS Listing ID 553318096

Year Built 1965

Annual Tax Amount $19,737

Tax Year 2024

Lot Size 0.340 Acres

Property Sub-Type Office

Property Description

Situated in Portland's vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation. Built in 1965, the LorLin Building was designed by Burton Goodrich, a protégé of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs. Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value. Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local environment, positioning it for both immediate and long-term growth.

Location

State OR

County Multnomah

Area _142

Zoning RM3

Interior

Heating Forced Air, Other

Cooling Central Air

Equipment SecuritySystem, Sprinkler

Exterior

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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agent

Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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