37 / 84
35
OR FAX FORM ON PAGE 79 TO 503-242-1814
Auction Property #111 – Leased Office Building -
$850,000
The two story 9,938± square foot office building was
built in the 1970s and is currently 100% leased to
attorneys, business support services, photographic
and additional professional uses. It has access from
Broadway Street NE, and an alley from East Street
NE. The .49± acre site also has frontage along historic
Mill Creek.
The 7,400± square foot main level has three suites,
with a gated common entry. Additional entry doors
provide access to the side parking area, and to
Broadway Street NE.
The lower level of 2,538± square feet is accessible from
the street level using an internal open stairway, and
contains two suites which share a common entry and
outdoor patio overlooking Mill Creek. The building’s
mechanical room is also on the lower level.
The Seller has owned the building for over twenty
years, and has invested over $100,000 within the last
three years for replacement of: existing roof with a
sloping PVC roof, carpet, windows, and interior
painting in all suites.
The office building is located on tax lot 8500, and has
28 parking spaces.
Auction Property #112 – Excess Land - $375,000
The excess land is on tax lot 8600, is 15,246± square
feet, and is at the intersection of Broadway Street NE
and East Street NE. It is currently used for parking,
and had contained a home that was demolished.
There is an alley at East Street NE along the east
boundary that also provides access to parking for the
office building.
The High Street Housing Overlay Zoning provides
incentive for development of housingplus commercial
uses with option for a reduction in off street parking
that can range from 10% to 20% based on providing
for covered bike parking, and for making pedestrian
improvements.
Options for development of the site include
professional offices, or a combination of offices plus
a mix of studio, one and two bedroom apartments
that could be targeted for affordable, or market rate,
housing.
LOCATION: 960 and 930 Broadway Street NE (Tax
Lots 8500 and 8600)
Please Note: Sketch plan is conceptual only. Neither the Seller nor its
agents have submitted plan or made any applications to a public agency.
Lower level
outdoor Patio
Main level
Property #112
SEALED BIDS DUE NO LATER THAN
5:00 PM, NOVEMBER 15, 2016