- ADDRESS:
- 200 NE 20TH AVE Portland, OR 97232
- VIDEOS:
- Print this Listing
- Price:
- $2,450,000
- Ft²:
- 8543
- Acres:
- 0.34
- MLS#:
- 553318096
- Lot Size:
- 10,000 to 14,999 SqFt
- Zone:
- RM3
- County:
- Multnomah
- Style:
- 3 Stories
- Yr Built:
- 1965
- Status:
- Active
- Levels:
- 3
- Heat:
- Forced Air, Other
- Area:
- Portland Northeast
- Courtesy of:
- Apex Residential
- Remarks:
- Situated in Portland’s vibrant Lloyd District, this property is an ideal investment for an owner/user seeking additional income potential. Located in a bustling, walkable neighborhood near major attractions and amenities, it benefits from high foot traffic and excellent access to public transportation. Built in 1965, the LorLin Building was designed by Burton Goodrich, a protégé of Frank Lloyd Wright, reflecting a distinctive Midcentury Modern style. The LorLin Building shows clear pride of ownership, featuring a recently replaced roof under a 20-year warranty to minimize future maintenance costs. Planned exterior repainting will further boost curb appeal, drawing potential tenants and enhancing property value. Zoned RM3, the property offers flexibility for multiple uses and includes on-site parking for added convenience. A diverse tenant mix with high retention supports long-term stability.Suite 200 will be delivered vacant, offering a beautiful, highly functional space suitable for a variety of business types. Overall, this property is an outstanding investment opportunity with strong income potential, minimal capital expenditures, and a vibrant local environment, positioning it for both immediate and long-term growth.