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Listed by eXp Realty, LLC • 310-422-6044
$3,500,000
Est. payment /mo
14,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,100 sqft
Price per Sqft $248
MLS Listing ID 690465882
Year Built 1911
Annual Tax Amount $16,971
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Commercial
Property Description
A rare mixed-use investment in Kenton's walkable commercial district, 8212 N Denver Ave offers 14,100 sq ft, 11 residential units, and 3 street-facing retail spaces in a restored 1911 building extensively remodeled since 2018. Offered at $3,500,000 and a 6.66% cap rate, the property offers strong scheduled income after scheduled expenses. The main level features three retail spaces, currently home to a neighborhood restaurant, an established salon, and a local record shop, each on a triple net lease and individually metered for high visibility and steady foot traffic along N Denver Ave. Upstairs, the second floor includes 2 one-bedroom apartments with full bathrooms and kitchenettes, plus 9 thoughtfully designed micro units, including 1 double-sized unit. Residents enjoy a large shared kitchen and dining space, an enclosed grilling area with seating and a gas fire pit, a rear deck with elevated views, a washer and dryer closet, 2 powder rooms, and 2 dedicated shower rooms. A spacious, mostly open basement currently includes 3 secured storage units, with room for additional build-out. With a Walk Score of 84, a Bike Score of 97, nearby MAX Yellow Line service, and easy access to Interstate 5 and downtown Portland, 8212 N Denver Ave offers strong in-place income, flexibility, and long-term value for investors and owner-users.
Location
State OR
County Multnomah
Area _141
Zoning CM2
Interior
Heating Ductless
Exterior
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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