Listed by Vitalius Real Estate Group
$575,000
DEERING CENTER OFFICE BUILDING
Details
Property Type Office
Sub Type Traditional Office
Square Footage 2,545
Units 6
NOI $14,887
Occupancy 83.33%
Tenancy Multi
Price per SqFt $226
Year Built 1900
Buildings 1
Acreage 0.160
Office | 2,545 SqFt
Marketing description
Positioned in the heart of Portland's vibrant Deering Center, this highly visible 2,545± SF commercial building offers an exceptional opportunity. Currently configured as six professional office suites with five tenants in place, the property provides immediate income with flexibility for future use. Situated on a prominent corner lot, the building offers outstanding exposure, on-site parking, attractive green space, and a wheelchair ramp for accessible entry. The desirable Deering Center setting also makes this a compelling candidate for conversion to a single-family residence. With its unbeatable location and strong visibility, this is a rare chance to secure a foothold in one of Portland's most established business districts.
Investment highlights
- Lot Size: 0.1595+/- acres
- Building Size: 2,545+/- SF
- Year Built: 1900
- Heating System: FHW (NG) approx. 4 years old
- Roof: Age Unknown
- Seller Acquired: 2015
- Parking: Off-Street
Listing Contacts
Listed by Vitalius Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$14,887.00
$1,240.58/mo
Valuation Metrics
0
DSCR
2.59%
Cap Rate
2.59%
ROI
Map
Zoning
B-1 CommercialNeighborhood CommercialNeighborhood Business
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View all 60 uses
View all 60 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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