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Investment Highlights

  • heavy foot traffic day and evening in the very busy Alberta Arts District
  • CM2 zoning allows greater height if redeveloped: base height 45' ~4 stories, with bonuses up to 55' ~5 stories if projects meet certain requirements.

Executive Summary

Buyer due diligence required. Contractors lockbox. Call the listing agent for the combo. The building contains miscellaneous items stored everywhere and an unfinished floor. Please use caution! Seller to do no repairs. Any remaining items in the building are included at no value. Please use Align Showing for showings.
Prime Alberta Arts District Commercial Opportunity. Rare chance to acquire a large commercial property in one of Portland’s most vibrant corridors. The open-span shell features 20-foot ceilings and a 90' x 41' footprint, offering flexibility for a variety of uses. Potential highest and best use includes mixed-use development with residential units above retail, office, or food-and-beverage uses, including brewery or restaurant concepts. The corner lot provides 116 feet of frontage on Alberta Street, ensuring excellent visibility and strong foot traffic. CM2 zoning and limited nearby inventory further enhance the property’s long-term value in a submarket with consistently low retail vacancy and strong investor demand.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,800 SF
Building Class
B
Year Built/Renovated
1907/2010
Price
$2,039,250 CAD
Price Per SF
$536.64 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.18 AC
Zoning
CM2 - The CM2 zone is a medium-scale, commercial mixed-use zone intended for sites in a variety of centers, along corridors, and in other mixed-use areas
Frontage
116’ on Alberta St

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100

Nearby Major Retailers

New Seasons Market
Columbia Bank
U.S. Bank
United Rentals
Sunbelt Rentals
Stretch Zone
Whole Foods Market

Property Taxes

Property Taxes

Parcel Number
R155475
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$26,277 CAD
  • Listing ID: 40356312

  • Date on Market: 2026-04-30

  • Last Updated:

  • Address: 2812 NE Alberta St, Portland, OR 97211

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