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INVESTMENT HIGHLIGHTS
Trophy location at the nexus of NW Portland, Goose Hollow and Uptown across the street from Providence Park, 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 25% occupied by Next Level Burger with 5,722 square feet of space available for lease. In-place NNN leases are generating over $7,500 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 $50/SF NNN. The owner has recently received LOIs from national retailers and medical users.
Strong multifamily market with market rents in the area reaching upwards of $4/SF based on unit size.
Located in a high purchasing power trade area with an average household income of $138,222 within five miles.
