Log In/Sign Up
Your email has been sent.
0.52 AC Commercial Land on N Interstate Ave 4739 N Interstate Ave 20 Room Hotel Portland, OR 97217 $6,163,695 CAD ($308,185 CAD/Room)
Investment Highlights
- Inside of a DDA boundary
- Potential for additional off-market square footage if Buyer prefers
- Site adjacent to MAX Light Rail Line
- Existing pylon signage on N Interstate
- Easy access to I-5 (less than 1/4 mile to the Southbound on-ramp off N Going St)
- Existing curb cuts on both N Interstate Ave and N Wygant St
Executive Summary
Approx. 0.52 AC of prime, level commercial land on N Interstate Ave, one of the city's principal North-South arteries. The property is immediately adjacent to the MAX Yellow Line and 2.5 blocks from the nearest station. The MAX Line has resulted in significant growth along its route over the past decade. The property is also just 1/4 mile to I-5 and 1/3 mile to Mississippi Ave, a popular retail and entertainment destination.
The property is currently operating as a motel, providing in-place income for a potential "covered land play" developer investment scenario. FAR for the Property is 3:1 or up to 5:1 with bonuses.
The property is currently operating as a motel, providing in-place income for a potential "covered land play" developer investment scenario. FAR for the Property is 3:1 or up to 5:1 with bonuses.
Property Facts
| Price | $6,163,695 CAD | Building Size | 9,902 SF |
| Price Per Room | $308,185 CAD | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1955 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.22/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.52 AC | ||
| Zoning | CM3 - Allowed Uses: Household & group living / multifamily, retail, office, vehicle repair, schools, hospitals, other institutional, and more. | ||
| Price | $6,163,695 CAD |
| Price Per Room | $308,185 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 9,902 SF |
| No. Rooms | 20 |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 2.22/1,000 SF |
| Corridor | Exterior |
| Zoning | CM3 - Allowed Uses: Household & group living / multifamily, retail, office, vehicle repair, schools, hospitals, other institutional, and more. |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $99.99 CAD | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R257209 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $930,170 CAD |
Property Taxes
Parcel Number
R257209
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$930,170 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
0.52 AC Commercial Land on N Interstate Ave | 4739 N Interstate Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.