1411 14Th AvePortland, OR 97201

For Sale
$1,450,000

Prime Goose Hollow location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,489 square foot, single-story office building situated on two contiguous lots totaling 8,500 square feet in Portland's desirable Goose Hollow neighborhood. The property, located at 1411 SW 14th Ave, boasts a convenient location near I-405. The building features 17 parking spaces and is zoned CXd, allowing for a base height of 180 feet and a maximum floor area ratio of 6:1, presenting significant redevelopment potential. Currently, the building comprises 3,589 square feet of vacant space (previously a veterinary clinic, ready for immediate occupancy) and 900 square feet of leased space. The asking price is $1,450,000. Built in 1982, this Class C multi-tenancy property offers a unique blend of existing income and future development possibilities. The property's address is 1411 SW 14th Ave, Portland, OR 97201, with Multnomah County APN numbers R246914 and R246918. This is an ideal opportunity for owner-users or investors seeking a prime location with substantial upside. The property is ready for immediate occupancy or redevelopment, making it a versatile asset in a thriving urban market. The vacant space is easily adaptable to various uses, and the existing lease provides immediate cash flow. Don't miss this chance to acquire a strategically located property with significant growth potential.

Highlights

  • Investment opportunity: Two-lot, 8,500 SF site with a 4,489 SF single-story building in Portland's Goose Hollow.
  • 8,500 SF total lot area comprised of two contiguous parcels.
  • 4,489 SF single-story office building with 17 parking spaces.
  • CX zoning allows for 180-foot height and 6:1 FAR, offering redevelopment potential.
  • Building features 3,589 SF of vacant space (former veterinary clinic) and 900 SF of leased space.

Property Details for 1411 14Th Ave

Property type
Other retail properties, Other office properties
Square Feet
8,500 SF
Class
C
Year Built
1982
Buildings
1

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.51616388974
Longitude
-122.68894921119
1411 14Th Ave, Portland, Oregon

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1411 14Th Ave
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