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INVESTMENT HIGHLIGHTS
Trophy location in Northwest Portland across the street from Providence Park, (home of the MLS Timbers and seating up to 25,218), with opportunities for owner-users, investors, and developers.
The property is a 19,200 square foot lot with a large parking lot and 7,591 SF retail building.
The building is 24.62% occupied by Next Level Burger with 5,722 square feet of space available for lease. In-place NNN lease generates nearly $7,800 in monthly rent.
The site is zoned Central Commercial (CX), with a base far with bonuses of 7:1, and unlimited allowable FAR transfers within the zoning height limits.
Highly sought-after retail space with market rents upwards of $45+/SF NNN.
Strong multifamily market with market rents in the area reaching higher than $3/SF based on unit size.
Located in a high purchasing power trade area with an average household income of $140,378 and 430,773 people within 5 miles.
