1448 28Th AvePortland, OR 97232

This exceptional mixed-use property, located at 1448 NE 28th Ave in Portland, Oregon's desirable Sullivan's Gulch neighborhood, presents a rare investment opportunity. The 2,903 square foot building, constructed in 1909 and completely renovated in 2021, boasts a Class A designation. The property features a ground floor commercial space (zoned CM1, previously leased on a gross modified lease) ideal for a variety of uses, including a coffee shop, bar, restaurant, or office space. The space includes a new grease trap, garage doors, closed-cell insulation, and Tesla charging ports in the driveway. Upstairs, the completely renovated residential portion (zoned R3) offers versatile options, including Airbnb use or a live-work space. This area features a large 220 square foot balcony. Building upgrades are extensive, encompassing new electrical, plumbing, siding, HVAC, central air, reclaimed hardwood floors, windows, doors, and exterior lighting and brick. The property's convenient location offers excellent walkability and bikeability scores (95 and 97, respectively), with proximity to the Rose Quarter (2 miles), downtown Portland (4.8 miles), and Portland International Airport (6.6 miles). The asking price is $1,390,000. This meticulously renovated building presents a compelling investment opportunity with strong potential for rental income and appreciation. Detailed renovation photos are available.