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1448-1452 NE 28th Ave
Portland, OR 97232

$1,249,000 USD

Storefront Retail Residential For Sale • 2,903 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 2,903 SF
Lot Size 0.05 AC
Building Class C
Year Built 1909
Cap Rate 9.79 %
Tenancy Multiple
Zoning CM1

58 Transit Score

94 Walk Score

                
                    Highlights
                
                                Heavy Daytime Foot Traffic
                            
                                Prime Location
                            
                                Flexible Floorplan
                            
                                Live Work Space Opportunity
                            
                                Everything Completely Renovated

Property Flyers

Professional Flyer_053124

Financial Summary (Actual)

Net Operating Income: $118,425 USD (2023)

Cap Rate:	9.79 %
Total Expenses:	$17,270 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Creative Culture	1,750 SF	2/28/2025

Amenities

24 Hour Access
Bus Line
Conferencing Facility
Corner Lot
Fenced Lot
Freeway Visibility
Metro/Subway
Restaurant
Signage
Tenant Controlled HVAC
Storage Space
Recessed Lighting
Monument Signage
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak)	7 min	-	2.5 mi
Vancouver (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak)	19 min	-	9.5 mi
Transit/Subway	Drive	Walk	Distance
Lloyd Center/Ne 11Th (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	4 min	20 min	1.0 mi
Hollywood/Ne 42Nd Transit Center (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	7 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Portland International	17 min	-	6.6 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	1
Type:	Reserved
Included in Rent:	Yes

Santino Filipelli 971-340-6636 MODERN REALTY

1448-1452 NE 28th Ave Portland, OR 97232