Listed by Kentucky Select Properties
$399,000
2430 Portland Avenue
Details
Property Type Office, Special Purpose
Sub Type Creative Office
Square Footage 2,946
Net Rentable (SqFt) 2,946
Cap Rate 7.00%
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 3
Lease Expiration 07/31/2026
Remaining Term 1
Rent Bumps Yes
Lease Options Option to renew
Price per SqFt $135
Class B
Year Renovated 2022
Buildings 1
Stories 2
Zoning C-1
Investment Type Net Lease
Lease Commencement 07/14/2023
Occupancy Date 07/14/2023
Ground Lease No
Occupied Renovated Office Space - 7% CAP
Marketing description
Lovingly restored and fully occupied, this low-owner expense office space might just be your next investment. This building was fully gutted and renovated in 2022, converted to a commercial office space, and has been fully occupied since 2023.
Located on Portland Avenue, 2430 is adjacent to Lannan Park and is in the middle of much of the great redevelopment work and investment that has happened in Portland over the last decade.
Tenant pays for all utilities. Owner pays for landscaping, property tax, and light repairs. Space is leased through July 2026 with an option to renew.
Listing Contacts
Listed by Kentucky Select Properties
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