Active
6839 SE BELMONT ST
Portland OR, 97215
$2,350,000
$291.42 per sqft
Active
8,064 sqft
Commercial
Built in 1911
Courtesy of Cascade Hasson Sotheby's International Realty
Every once and while, something truly special comes on the market. A property you've admired, stopped by for coffee or a late night dinner. Maybe you've sat outside in the sunshine, enjoyed the breeze, courtesy of Mt.Tabor. If not, you should. It's one of the city's treasured surprises. The anchor of the Mt.Tabor neighborhood. Originally platted in 1889, the terminus of the Fairview Streetcar Line. Mt.Tabor developed quickly into a bustling neighborhood of high end estates, ample commercial services and transit. Today, Mt.Tabor remains the crown jewel of the eastside. With so much history to explore from it's volcanic origins to the Olmstead Designed Mt.Tabor Park no wonder there's a waiting list of eager tenants in line for the upper two units. Spacious, sunlit with bayed front windows. The westside view of the city and west hills sparkles at dusk; the eastside view of Powell Butte, Rocky Butte, the cascades with Mt. Hood at center stage. Portland's 2016 restaurant of the year, Coquine, fills the main floor, serving dinner, take away, fresh pastries and espresso. Do not miss the chance to indulge in Coquine's magical browned butter cookies. Unsurprisingly,the financials are strong with a 6% cap rate, long term tenants, escalating commercial lease plus smart improvements to take this historic property into the next 100 years. The adjacent lot, zoned CM1, is ripe for development. For the bottom line, metric focused investor, this isn't one. This will take an investor, owner occupant, neighbor with an understanding of and commitment to stewardship. A belief in community, respect for history, a bit of creativity and vision, driven to make the world a better place starting at the corner of 68th + Belmont. You're out there, a kindred spirit, we know it. Come find us, we'll welcome you with open hearts.
24532028
MLSⓇ ID
July 1, 2024
Listed
August 30, 2024
Updated
Map
6839 SE BELMONT ST
Portland OR, 97215
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air 90, Zoned
Exterior/Building Features
Lot Size
0.14 Acres
Roof
Built Up
Sewer
Public Sewer
Other Property Details
Area Name
_143
Taxes
$6,373
Tax Frequency
Annually
Days on Market
60
Garage
No
Parking
On Site
Parking Total
12
View
Yes
View Description
City, Mountain, Park Greenbelt
County
Multnomah
Water Source
Public Water
Pool
No
Zoning
CM1
Listing Courtesy of Cascade Hasson Sotheby's International Realty, Lee McKnight. 503-481-8974
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