FOR SALE, BEST POTENTIAL LANDMARKS in PORTLAND, OR...

Commercial/Residential building for sale: $450,000.00/OBO...

This is (if not the best) definitely one of the best potential LANDMARKS in PORTLAND, OREGON...

Because of its great location, and unusual shape (you could make it look like a boat/ship...) , this commercial building can truly become only by its architectural design, an extraordinary attraction for everybody...

Under normal circumstances, this building can host two small business rental spaces:

1) Space #1=>1400sqf - generating an annual income of --- 1400 x 12 = 16800

2) Space #2=>1800sqf - generating an annual income of --- 1800 x 12 = 21600

Nevertheless, the above displayed income can be a lot higher, due to the fact that

these commercial rents are extremely conservative, based on the 9 years old leases,

which expire in few months (November 30 - 2020)...

Starting on December 1st 2020, the building owner, can establish totally new rental agreements, w the current or potential new business tenants...

Now about the future development and more income generator of this building:

By code this location can be both, residential and commercial, meaning that it can be vertically developed to contain a certain number of residential rentals...

According to our research, at least six studios, can be currently build, on top of this building...

Another great potential income generator of this building, due to its great location, would be billboard advertisement...

Also, it does have outdoor space available for a food-cart rental, of any type...

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