1221 SE MADISON ST

Portland, 97214

  • Bed

  • Bath

  • 5033 SqFt

  • 138 DOM

  • Built: 1960

  • Status: Active

$1,795,000

X

1221 SE MADISON ST

Portland 97214

$1795000

  • Bed

  • Bath

  • 5033 SqFt

  • 138 DOM

  • Built: 1960

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

A true midcentury office building in the heart of Hawthorne/inner SE. Built in 1960 with exposed beams, butterfly ceiling and remnants of the original grass cloth, this has been a beloved property to owner occupied users and later an investment property. It has been home to school district offices, a CPA firm and most recently a natural health clinic. ADA ramp to lower level provides wheelchair accessibility. Two separate entrances and separation allow for multiple tenants. Upstairs features 2545 sf, 8 spacious individual offices, a large lobby and 2 bathrooms (One of the offices features a sink area that could be a kitchenette/break room). Lower level is 2488sf with a kitchenette, 2 bathrooms and 9 smaller offices and a lobby. Several configuration options, but 19 offices and 2 lobby areas as it sits! Nice rear parking lot with at least 6 spots. Lower level recently upgraded with luxury vinyl floors & 2024 waterproofing/trenching system. Furnace replacement (2024). So many options - designers/law offices/real estate office...Listing Agent is related to seller and a Co-Trustee for trust selling the property. Seller will consider carrying a contract.

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