6839 SE Belmont St

Description

Every once and while, something truly special comes on the market. A property you've admired, stopped by for coffee or a late night dinner. Maybe you've sat outside in the sunshine, enjoyed the breeze, courtesy of Mt.Tabor. If not, you should. It's one of the city's treasured surprises. The anchor of the Mt.Tabor neighborhood. Originally platted in 1889, the terminus of the Fairview Streetcar Line. Mt.Tabor developed quickly into a bustling neighborhood of high end estates, ample commercial services and transit. Today, Mt.Tabor remains the crown jewel of the eastside. With so much history to explore from it's volcanic origins to the Olmstead Designed Mt.Tabor Park no wonder there's a waiting list of eager tenants in line for the upper two units. Spacious, sunlit with bayed front windows. The westside view of the city and west hills sparkles at dusk; the eastside view of Powell Butte, Rocky Butte, the cascades with Mt. Hood at center stage. Portland's 2016 restaurant of the year, Coquine, fills the main floor, serving dinner, take away, fresh pastries and espresso. Do not miss the chance to indulge in Coquine's magical browned butter cookies. Unsurprisingly,the financials are strong with a 6% cap rate, long term tenants, escalating commercial lease plus smart improvements to take this historic property into the next 100 years. The adjacent lot, zoned CM1, is ripe for development. For the bottom line, metric focused investor, this isn't one. This will take an investor, owner occupant, neighbor with an understanding of and commitment to stewardship. A belief in community, respect for history, a bit of creativity and vision, driven to make the world a better place starting at the corner of 68th + Belmont. You're out there, a kindred spirit, we know it. Come find us, we'll welcome you with open hearts.