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

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Wings NW Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 2/12/2025, 5:49 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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