2931 BroadwayPortland, OR 97232

For Sale
$899,000

Stabilized Multi-Tenant Office Building in Portland

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 3,338 square foot, Class B office building located at 2931-2935 NE Broadway in Portland, Oregon, presents a compelling investment opportunity. Currently boasting 100% occupancy with a mix of stable, long-term tenants including an upscale barber shop, wellness center, and counseling practice, this stabilized asset offers immediate cash flow. The two-story building features a desirable street-level storefront, complemented by fully occupied office spaces on both the first and second floors. Recent upgrades enhance the property's value and appeal, including a roof (approximately 7 years old), Milgard windows, and eco-friendly paint, marmoleum flooring, and carpeting. Adding to its potential, the property offers the possibility of developing two food cart spaces on the east side, complete with readily available water and electrical hookups. Situated in Multnomah County, Oregon, with a 97232 zip code, this property is ideally positioned within a thriving Portland neighborhood. The asking price for this multi-tenant office building is $899,000. This represents a strong investment opportunity in a desirable location with excellent potential for future growth and appreciation.

Highlights

  • 3,338 SF Class B office building in Portland, OR, at 2931-2935 NE Broadway.
  • 100% occupied with stable, long-term tenants (barber shop, wellness center, counseling practice) generating immediate cash flow.
  • Two-story building with street-level storefront and fully occupied office space on both floors.
  • Recent upgrades include a 7-year-old roof, Milgard windows, eco-friendly paint, marmoleum, and carpeting.
  • Potential for two food cart spaces with existing water and electrical hookups.
  • Asking price: $899,000.

Property Details for 2931 Broadway

Property type
Other office properties, Office properties
Square Feet
3,338 SF
Class
B

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.535098943388
Longitude
-122.63488043176
2931 Broadway, Portland, Oregon

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2931 Broadway
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