12790 Stark StPortland, OR 97233

This exceptional investment opportunity presents the Siletz Business Complex, a well-maintained two-story office building totaling 11,448 square feet. Located at the highly visible hard corner of SE Stark Street and SE 128th Avenue in Portland, Oregon (97233), this property boasts a prime location just one mile from Marketplace 205, a major regional shopping center. The building, constructed in 1973, sits on a 39,500 square foot lot and offers 55 parking spaces secured by an electronic gate. Recent capital improvements exceeding $302,000 have been made, encompassing roof replacement, HVAC upgrades, and parking lot renovations. Currently, 75% of the building is occupied by Bryan University under a lease expiring August 14, 2025. The asking price is $2,350,000, or $205 per square foot, significantly below replacement cost. This elevator-served building offers an ideal owner-user opportunity, with the potential for partial or full occupancy. The property benefits from high visibility due to its prominent corner location, experiencing approximately 29,709 vehicles per day. The surrounding area features high-density residential neighborhoods and boasts average household incomes exceeding $107,000 within a five-mile radius. The property's APN is R111343.