5902 SE FOSTER RD Portland, OR $ 4,999,950
5902 SE FOSTER RD
$ 4,999,950
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5902 SE FOSTER RD

Portland, OR, 97206
$ 4,999,950
Baths0.0 Sq 12,000

Monthly Estimate*

$ 34,926

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Studio

Commercial Property for sale in Portland, OR

for $4,999,950. This 12,000 square foot building was built in 2003 on a lot size of 0.34.

Nestled in the vibrant heart of the Foster-Powell neighborhood, this exceptional mixed-use property offers a rare blend of commercial and residential opportunities. The ground floor is home to a bustling restaurant and bar, complete with a state-of-the-art professional kitchen and an engaging lottery area, perfect for patrons seeking both fine dining and entertainment.Above, discover five distinct apartments, each offering a unique living space ranging from 600 to 800 square feet. These units provide comfortable urban living with the convenience of location and the charm of neighborhood life.Further enhancing this property's appeal is a spacious commercial garage, currently serving as a thriving mechanic shop. This versatile space boasts three bays, each equipped with a lift and impressive 20-foot ceilings, ideal for a variety of commercial ventures.Located in one of the city?s most sought-after areas, this property is not just a building but a community hub, offering a multifaceted opportunity for the astute investor or entrepreneur. Don?t miss out on this unparalleled opportunity to own a piece of Portland?s dynamic Foster-Powell neighborhood.

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Commercial Active

Price

$ 4,999,950

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 17,477

Style

Income

Lot Size

0.34

Year Built

2003

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24689418

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling HeatPump
Roof Other
Zoning CE
Construction Materials Brick
Year Built 2003
Stories 2
Property SubType Income
Tax Year 2023
Current Use MultiFamily ProfessionalService Restaurant
Gross Income 216000.0
County Multnomah
Operating Expense 10000.0
Property Type CommercialSale
Status Active
Directions 59th & SE Foster
City Portland
MLS Area _143
Lot Size Square Feet 14810.0
Street Name FOSTER
Listing Terms Cash Contract Conventional
Tax Annual Amount 17477.22
Property Condition Existing
Virtual Tour https://portal.mattydphoto.com/admin/property-dashboard/Dmzct9LihQhRA4U1r6uA/overview
Days on Market 50
Lease Type YearsRemaining1to5 Gross
Standard Status Active
Lease Amount 4500.0
Legal Description CHERRY PK BLOCK 8 INC 15' OF VAC ST NLY OF & ADJ LOT 1&3 LOT 2
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Exterior
Road Frontage 0
Parking Features OnSite Secured
Water Source PublicWater
Total Parking 12.0
Number of Buildings 3
Building Area Total 12000.0
Lot Size Acres 0.34
Road Surface Type Paved
Other Equipment FuelTank SecuritySystem SmokeDetector Sprinkler
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Interior
Ceiling Height 20
Street Suffix RD
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Internal Only
Street Number 1 5902
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* Excluded Features
List By
Keller Williams Pdx Central

Broker

Ben@AndrewsRealEstate.com

Email

Affordability Calculator

$36,383
Per Month
96%
4%
0%
Monthly Principal & Interest
$34,926
Monthly Property Taxes
$1,456
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$4,999,950 Listed Price

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5902 SE FOSTER RD, Portland, OR, 97206 is a Commercial Property for sale at $4,999,950 with 12,000 sqft and a lot size of 0.34. 5902 SE FOSTER RD is a studio with 0.0 baths and was built in 2003. The property's zip code is 97206 which is in Portland, OR