For Sale $1,200,000
Property Type Retail - Street Retail
Property Size 5,300 SF
Lot Size 0.14 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Building Class B
Year Built 1897
Date Updated Aug 8, 2024

Well located retail/office Investment with outstanding exposure on State Street. The property includes five off-street and oversized parking spaces in the rear of the building with the ability to double stack. Additionally, there are two public parking lots within very close proximity to the site.• Multi-Tenant Leased Investment with short term leases in place. • Good upside in rents converting to triple net and adding load factor. • Each space is separately metered for Natural Gas which serves HVAC for tenants Paradox (1st floor) and Serenity Relaxations (2nd floor). • Hands on local ownership has owned and maintained the property for 10 years and ready to retire.

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Attachments

468 N State St SALE BROCHURE (PDF) opens in new window

Highlights

2016-2017 Improvements
New HVAC - First Floor
New tuck-pointing for brick fascia
Complete Exterior Paint
New sidewalk and street update
New Awning and Signage
Zoning: EC - East End Commercial
Each tenant has their own restroom
Each space is individually metered for Natural Gas which supports the HVAC system

Contacts

Brett Bayne

Macadam Forbes

Location

Getting Around

Walk Score ®
90/100 Walker's Paradise
Transit Score ®
34/100 Some Transit
Bike Score ®
61/100 Bikeable

Map
Street

City Lake Oswego, OR
Neighborhood Forest Hills
Zip Code 97034
Market Portland

Points of Interest

Willamette Shore Trolley Lake Oswego Station

0.10 miles
Oaks Park

3.58 miles
Bancroft Street

5.06 miles
South Lowell & Bond

5.12 miles
South Bond & Lane

5.23 miles
OHSU Commons

5.46 miles
South Waterfront

5.48 miles
Southeast Water/OMSI

6.00 miles
South River Parkway & Moody

6.04 miles
Southeast Martin Luther King & Mill

6.19 miles

Shell

0.14 miles
76

1.13 miles
Shell

1.18 miles
Chevron

1.43 miles
Fred Meyer

1.43 miles
Shell

1.43 miles
Chevron

1.88 miles
76

1.91 miles
Chevron

1.93 miles
PGE Electric Avenue Milwaukie

1.95 miles

Christ Church Parish

0.68 miles
SE Park Ave

1.49 miles
Horse Parking

1.67 miles
Hope Church

2.39 miles
Milwaukie

2.49 miles
Emmanuel United Presbyterian Church

2.56 miles
SE Tacoma/Johnson Creek

3.15 miles
P5

3.36 miles
P3

3.41 miles
P7

3.43 miles

Lake Oswego Ice Creamery

0.06 miles
Clarke's

0.10 miles
Chuckie Pies

0.12 miles
Holy Taco

0.13 miles
Five Spice Seafood

0.14 miles
Manzana Rotisserie Grill

0.14 miles
Pizzeria sul Lago

0.15 miles
Tucci

0.16 miles
Dang's Thai Kitchen

0.19 miles
Next Level Burger

0.30 miles

Safeway

0.28 miles
Whole Foods Market

0.31 miles
Lamb's

1.24 miles
Fred Meyer

1.59 miles
Walmart Neighborhood Market

1.92 miles
Grocery Outlet

2.03 miles
Big Lots

2.11 miles
New Seasons Market

2.15 miles
Eagle Bargain

2.41 miles
Walmart Neighborhood Market

2.55 miles

Frequently Asked Questions

How much does 468 N State St cost?

The space currently listed for sale at 468 N State St asks for $1,200,000.

What is the total square footage of 468 N State St?

468 N State St totals 5,300 square feet.

When was this property built?

468 N State St was built in 1897.

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