Active
200 NE 20TH AVE
Portland OR, 97232
$2,450,000
$286.78 per sqft
Active
8,543 sqft
Commercial
Built in 1965
Courtesy of Apex Residential
Situated in Portland's vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation. Built in 1965, the LorLin Building was designed by Burton Goodrich, a protege of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs. Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value. Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local environment, positioning it for both immediate and long-term growth.
553318096
MLSⓇ ID
January 24, 2025
Listed
February 12, 2025
Updated
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Other
Exterior/Building Features
Lot Size
0.34 Acres
Sewer
Public Sewer
Other Property Details
Area Name
_142
Taxes
$19,738
Tax Frequency
Annually
Days on Market
19
Garage
No
Parking
On Site, Paved
Parking Total
23
View
No
County
Multnomah
Water Source
Public Water
Pool
No
Zoning
RM3
Listing Courtesy of Apex Residential, Jordan Fezler. 503-313-8149
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