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Listed by Windermere Realty Trust • 503-803-7678
$ 1,795,000
Est. payment /mo
New
1221 SE MADISON ST Portland, OR 97214
5,033 SqFt
UPDATED:
01/14/2025 01:54 AM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,033 sqft
Price per Sqft $356
MLS Listing ID 24466195
Year Built 1960
Annual Tax Amount $13,093
Tax Year 2024
Lot Size 7,405 Sqft
Property Description
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.
Location
State OR
County Multnomah
Area _143
Zoning CM2
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
