2914 SE 52nd Ave Portland, OR 97206

This rare mixed-used multi unit commercial residential property is on an ample sized 59' by 100' corner lot zoned CR in the desirable Richmond / South Tabor with 7.6% cap rate (up to 12.1%). It is directly on the Clinton/Woodward Greenway bike route next to Franklin High School in a friendly, tight knit tree-lined residential neighborhood. Only a short walk to parks and nearby Division and Powell restaurant and shopping. The front commercial unit is a charming renovated retail space (rented) with a 30'L x 7'6H glass window store frontage and half bath, great for any retail, professional office or food services. The location has good flow of both vehicle and foot traffic. It also comes with a 500+ sq/ft semi-finished basement with both interior and exterior access. The recently vacated residential unit consists of 2 bedrooms, living and dining rooms, full bath, in-unit washer/dryer and storage space throughout. The covered patio is perfect for hosting a cookout in any weather, and connects to the spacious upper back yard. A newly renovated coffee window or office studio opens to the expansive lower side yard now hosting a food cart for additional income stream. Don't miss the great redevelopment opportunity associated with this property. It's zoned CR 1:1 FAR, which allows multi-units up to 5,900 sq ft. The property is eligible for residential loan. This is a great income and investment asset. Perfect for a live/work, or to use one unit and rent the other. Recent renovations include store interior, patio, landscaping, paint, basement, fence, coffee window/ office and much more. Conceptual design for future development is included. Walk score 89, Transit score 52, Bike Score 98!!! Businesses are not for sale and the Broker is related to the owner. Please note 3D walk through is only showing the residential unit.