Campus Condos - Retail Condo

700 North Killingsworth Street Portland, OR 97217

700 North Killingsworth Street, Portland, OR, 97217
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FOR SALE
Property Type:
Street Retail
Amount:
$1,258,560
Last Verified:
Aug 27, 2024

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Highlights

  • Across from Portland Community College
  • Owner-User Opportunity
  • HOA includes maintenance for the building envelope, roof, water, sewer, garbage, and exterior lighting
  • Newly converted condominium building with 14 renovated residential units
  • High 13'8" ceilings
  • Ability to divide into 2 or 3 spaces or utilize as a single space with three street front entrances
  • Two restrooms and a kitchenette

Description

Seize the chance to own a remarkable retail condo at 700 N Killingsworth St, offering significant value for owner-users. This 3,496 SF ground floor unit, paired with a substantial 1,707 SF basement, offers a unique combination of historical character and significant recent updates. The property provides ample space and sits under newly renovated condos, enhancing its appeal and potential for value appreciation.

Located directly across from Portland Community College Cascade Campus and one block west of Jefferson High School, this property benefits from high foot traffic and outstanding visibility. The unit boasts high ceilings, floor-to-ceiling storefront windows, and multiple access points, making it perfect for a variety of businesses. The vibrant neighborhood includes a diverse mix of retail, dining, and residential developments, attracting a dynamic customer base.

700 N Killingsworth Street is situated in the heart of North Portland, directly across from Portland Community College Cascade Campus and just one block west of Jefferson High School. This prime location benefits from high foot traffic, excellent visibility, and easy access to major thoroughfares. The surrounding neighborhood is a vibrant mix of retail, dining, and residential developments, making it an ideal spot for businesses looking to attract a diverse and dynamic customer base. The area is well-served by public transportation, enhancing accessibility for both customers and employees.


Year Built: 1913
Building Size: 5203sq ft
Lot Size: 0 acres

Map of 700 North Killingsworth Street, Portland, OR, 97217

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.