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1909-1915 SW 6th Ave
Portland, OR 97201
Retail Property For Sale

Investment Highlights

  • Portland State University
  • Management On-Site Parking
  • Heavy Walking Traffic

Executive Summary

Income or redevelopment investment property with over 200 feet of frontage. High traffic count, visibility in the heart of PSU and national brands. 3 NNN leased units. CX - Central Commercial in Opportunity Zone. Family owned AAA commercial investment property since 1953. The property is conveniently located on NE corner of SW Hall St and SW 6th Ave in Portland Oregon. Portland State University has over 28,000 students, 6000 professors, managers, and administrative staff. This investment property benefits from walking traffic to and from the various colleges, University Center and a multi-level student parking garage across street. The 6500 sq. ft. building includes valuable on-site management parking. There is currently a restaurant, boutique coffee shop, and a print shop that serve the University population. Potential lease space may becoming available in one of highest walking traffic pedestrian zones in the state. Excellent 1031 Exchange for income.
Subject to lease rights. Proof of funds, and or property specific commercial loan approval required to show. Showing by appointment only with listing broker. Use OREF Commercial forms to make offer. Title will be First American Title - Christina Brusco. Do not disturb businesses. Call or email listing broker for details.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
6,498 SF
Building Class
C
Year Built
1953
Price
$4,089,363 CAD
Price Per SF
$629.33 CAD
Cap Rate
4.41%
NOI
$180,534 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CX - CX - Central Commercial in Opportunity Zone.
Parking
1 Spaces (1.45 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Signage
  • Signalized Intersection

Property Taxes

Property Taxes

Parcel Number
R246361
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,701,531 CAD
  • Listing ID: 33297641

  • Date on Market: 2024-09-25

  • Last Updated:

  • Address: 1909-1915 SW 6th Ave, Portland, OR 97201

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