About this home
Rare opportunity to acquire a four-way lighted corner lot with two entrance points on heavily travelled (20K+ AADT) Forest Avenue. It's been a gas station since 1942 and has been operating as Welch Service Station since the early 1970s. It's a local landmark and the last vestige of Portland's original 'Auto Mile' on Forest Avenue dating back to 1910. Highest and best adaptive reuses are modern cafes (e.g. coffee, smoothie and acai bowl), offices, or retail boutiques. It's a candidate for historical tax credits (up to 45%) given its age and architectural significance.
Listing last checked: Listing updated:
Listed by Listing Agent · EXP Realty · MLS #1673964
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Details at a glance
Interior3 property facts
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Concrete
Building4 property facts
- Style
- Retail
- Year built
- 1942
- Foundation
- Slab
- Roof
- Flat, Membrane
Land & utilities4 property facts
- Lot size
- 0.16 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- B2b
Financial2 property facts
- Annual taxes
- $5,416
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $1,095,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,988 / monthAdjust
- Principal & interest
- $5,537
- Property tax
- $451
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,416. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 484 Forest Avenue
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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