Check Availability
$750,000
↓ $25K (3.2%)
Commercial - For Sale

1617 SE 12TH AVE

Portland, OR 97214
bedrooms
Studio
bathrooms
0 Bath
square feet
1928 Sqft
$5,933
Estimated Monthly
$0
HOA / Fees
-1.41%
Cap Rate

About This Property

This is an inner SE commercial building located in the hot Hawthorne District.  Previously home to Teote, this vintage building with it's large storefront window package, stained concrete floors, massive upper level vaulted great room  and too many custom features to list, is now available. Multiple business opportunities/options are available including a combination of commercial with residential or all commercial. Originally set-up as a live work with the residence on the 2nd floor, this unique building could be converted to full commercial use for retail or as a restaurant with the ability to leverage the large outdoor patio with built-in firepits, mature landscaping and buildout options to support outside service.  This is a rare opportunity to capitalize on a well know location with a new concept business.  Seller will carry a contract - Terms Negotiable.

The manager has listed the unit size as 1928 square feet.
Unit Size
1,928Ft²
Days on Market
252 days
Land Size
0.07 acres
Price per sqft
$389
Property Type
Commercial
Property Taxes
$2,250
HOA Dues
-
Year Built
1885
Listed By
Israel Hill
John L. Scott NE Portland
Last updated: 2 months ago (RMLSOR #23619159)

Price History

Date / Event Date Event Price
Mar 29, 2024 Price Decreased $750,000
↓ $25K (3.2%)
Price Decreased
Feb 27, 2024 Price Decreased $775,000
↓ $25K (3.1%)
Price Decreased
Feb 1, 2024 Price Decreased $799,900
↓ $50K (5.9%)
Price Decreased
Jan 11, 2024 Price Decreased $849,900
↓ $50K (5.6%)
Price Decreased
Dec 10, 2023 Price Decreased $899,900
↓ $50K (5.3%)
Price Decreased
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Property Highlights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
1 Bed
2 Baths
1,815 ft²
$576/ft²
$1,045,000 Oct 2, 2023
-
$2,250/mo
House
4 Beds
2.5 Baths
2,763 ft²
$362/ft²
$999,000 Sep 6, 2023
-
$775/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200221
02/21/2020
Loft
-
1928 ft²
$1,040,000
bedrooms
Loft
bathrooms
-
square feet
1928 ft²
-
-
-
-

Building Info

1617 Southeast 12th Avenue 1617 Southeast 12th Avenue, Portland, OR 97214
  • 2 Units for Sale
More about this Building
1617 Southeast 12th Avenue
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About Southeast Uplift


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