35 Weidler StPortland, OR 97232

For Sale
$2,350,000

Portland Creative Office, $2.35M

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 2,215 square foot Class C creative office building in Portland's Lloyd District presents a unique owner-user opportunity. Currently vacant, this single-story property offers significant income potential through existing leases. A secured parking lot generates approximately $22,000 annually from Moda Center event rentals, supplemented by a billboard lease generating an additional $23,250 annually through 2030. The building is situated on a 5,922 square foot lot, zoned CXD, and boasts convenient access to both NE Weidler Street and NE Victoria Avenue. The asking price is $2,350,000, with a current Net Operating Income (NOI) of $44,500. This is a triple net (NNN) lease property, providing a strong investment opportunity for an owner-occupant seeking to leverage existing income streams while establishing their business in a vibrant Portland location. The property's vacant status allows for immediate customization to suit specific business needs. This is a rare chance to acquire a well-located, income-producing asset in a thriving urban neighborhood.

Highlights

  • 2,215 SF Class C creative office building in Portland's Lloyd District.
  • Currently vacant, offering owner-user potential and significant income upside.
  • Generates $45,250 annual income from parking lot and billboard leases.
  • 5,922 SF lot, CXD zoning, excellent access to NE Weidler & NE Victoria.
  • $2,350,000 asking price with $44,500 current NOI; Triple Net (NNN) lease.

Property Details for 35 Weidler St

Property type
Other office properties, Office space
Square Feet
2,215 SF
Class
C
Stories
1

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5346789
Longitude
-122.666044
35 Weidler St, Portland, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
35 Weidler St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message