Thomas Building

6,554 SF | 100% Leased | Office Building | Portland, OR 97219 | $2,295,000 ($350/SF) | 6.39% Cap Rate

Asking Price $2,295,000

Property Type: Office, Restaurant
Square Feet: 6,554 SF
Price / Square Foot: $350

Listing Contacts

Megan McElmurry

Verified Profile

Joe Kappler

Verified Profile

Property Info

Property Overview

The iconic Thomas Building is located in Multnomah Village, a picturesque and charming neighborhood in the southwestern part of Portland, Oregon. This unique community combines the serenity of a small town with the convenience of urban living, making it a highly desirable place to reside and conduct business. Despite its serene ambiance, Multnomah Village is just approximately six miles from downtown Portland. This convenient proximity provides residents and businesses with easy access to the heart of the city, including its vibrant cultural, dining, and entertainment offerings.

Property Details

Class: C
Year Built: 1914
Stories: 2
Lot Size (sq. ft): 3,485 SF

Highlights

Prime Location: Strategically situated in a sought-after area of Portland
Unique Features: Hard corner location with tremendous visibility
Development Potential: Given the demand for real estate in Portland, this property has development potential.
Dedicated Parking: Rare dedicated parking lot adjacent to the building.
Owner/User: The leases on the 2nd floor allow for flexibility if an owner/user wants to occupy all or part of the 2nd floor

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