3620 NE 82ND AVE Portland, OR 97220

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$2,200,000

Market Estimate

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10,184 sq. ft.
0.29 Acres
Commercial
Listing# 22616235

Listing provided courtesy of: Atlas Real Estate, Inc.

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Property Details

Description

Sale includes multiple parcels: R260999, R260997, R261006, R261009, R261015. Tremendous opportunity in Portland market. This motel is in ideal location to take advantage of close-in activity and airport traffic. Short and long term clientele. Proven history of successful business operation with huge growth potential still available to tap into.

General Features
- Tax Annual Amount $25,782
- Year Built 1942
- County Or Parish Multnomah
- Property Sub Type Hotel/Motel
- Listing Terms Cash, Conventional
- Tax Year 2021
Building Features
- Building Area Total 10184.0
- Roof Composition
- Parking Total 18.0
- Cooling Other
- Parking Features On Site
- Heating Other
- Garage Spaces 18.0
Property Features
- Road Surface Type Paved
- Lot Size Acres 0.29
- Water Source Public Water
- Sewer Public Sewer

Contact

Neighborhood

97220 (Portland) Demographics

39 Median Age

4,050 Population Density (per sq. mile)

40% College Educated

$56,040 Estimated Median Income

6,143 Estimated Total Home Owners

5,472 Estimated Total Renters

53% / 47% Estimated Owner / Renter Divide

2 Estimated Average Household Size

29,318 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$479,450 Median Sales Price

14 Homes Sold

32 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $2,200,000
10/1/2022 3:51:00 AM	New in Database Source: Multiple Listing Service	New Value: $2,200,000

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** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Prime Alliance Real Estate Services are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2023 RMLS™, Portland, Oregon. This content last updated on 3/26/2023 10:07:48 PM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.