Historic Commercial Properties for Sale in Portland Oregon

When looking to invest in commercial properties, many people tend to overlook the opportunities associated with investing in historic properties. When looking to reposition or invest in commercial properties, many people tend to overlook the opportunities associated with investing in historic properties. Indeed, historic commercial properties for sale in Portland Oregon offer some interesting examples of some possible strategies.

Usually used as a tool to generate cash stream flow, commercial properties are bought and sold with the purpose of generating income by renting or leasing out the commercial space. Long-term sales value is created by more tenants moving in, and by the documented cash flow being maintained as they remain tenants for the long-term.

Historic commercial properties for sale in Portland, Oregon provide not only another avenue for those looking for new property classes; they also feature qualities that will get tenants in and keep them there to help support the ultimate sale’s value of the property.

You can either look for existing historic commercial properties for sale in Portland, Oregon. Or, you can try to create your own.

What is often attractive about the latter strategy is that, if purchased in an unimproved state, the buying cost is often significantly less expensive than surrounding new construction. Also, the government often wants to help out by providing tax credits that are often made available to those looking to rehabilitate rundown properties.

Obviously, this can significantly cut costs as well. By ways of example, in Portland the National Park Service's Historic Preservation Tax Incentives Program and the State Rehabilitation Tax Credit Program are programs worth checking out. These two credits work together as a voluntary incentive program designed to encourage the rehabilitation of income-producing historic buildings. Also, Portland's Office of Sustainable Development offers financial incentives for commercial development like the Sustainable Building Tax Credit and the Business energy tax credit for projects that incorporate energy conservation, efficient equipment and renewable energy systems. The Portland New Market Fund was recently granted a significant sum of money to disperse to businesses starting up in certain blighted areas.

But be cautious! There are applications and requirements that must be met before credits are given. Also, conduct a thorough analysis of costs—-rehabilitation materials and labor tends to be more expensive than those associated with new construction. (Skilled craftsmen may need to be employed to restore traditional architecture or décor.) In other words, don't let the tax credit tail wag the dog!

If you can make the numbers work, however, historic commercial properties for sale in Portland, Oregon. for sale in Portland, Oregon could be very lucrative for you. Charm, character, historic value and preservation are all qualities that these types of commercial properties possess and with Portland being such a clean, green and vibrant place, these attributes are sure to attract a mile-long list of prospective long-term tenants.

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