$1950000
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Bed
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Bath
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0 SqFt
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1 DOM
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Built: 1969
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Investor alert! Rare NC2P-55(M) zoned property on a 12,380 SF lot with long-term in-place income, recent capital improvements, and exceptional flexibility. NC2P-55(M) zoning on a parcel of this size in this location is extremely rare, offering long-term optionality for owner-users, investors, or future repositioning. The building offers approximately 2,800 SF per level across three levels. The upper floor includes seven private offices, four bathrooms, and two common areas, suitable for immediate use with light updating. The ground level has been fully opened with exposed electrical and plumbing as part of a prior conversion effort, providing a flexible blank canvas for a variety of commercial or mixed uses. The basement includes a kitchen and multiple rooms suitable for storage or other creative configurations. Notable improvements include a brand-new roof installed in 2020 and eight on-site parking spaces. The property has demonstrated rental history, with the main floor previously leased for $3,200/month in 2020. A significant value component is the long-term rooftop antenna lease with AT&T, generating $3,800/month with 18% rent increases every five years (next increase in 2027), 26 years remaining, and renewal options—providing stable income independent of building use. Zoning and general classification support a broad range of commercial, business, office, residential, and multi-family uses (buyer to verify).
Listing Provided Courtesy of Alexandru Motroc, Real Broker LLC
General Information
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NWM2469088
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Commercial Industrial
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1 DOM
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0.28 acres
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0
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1969
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Busines
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King
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Commercial Sale
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Commercial Industrial
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Listing Provided Courtesy of Alexandru Motroc, Real Broker LLC
Krishna Realty data last checked: Jan 17, 2026 03:45 | Listing last modified Jan 17, 2026 03:47,
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