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125 NW 4th Ave - Block 33 0.92 Acres of Commercial Land Offered at $9,390,000 in Portland, OR 97209
INVESTMENT HIGHLIGHTS
- Parking Investment Opportunity with Fee Simple Ownership
- Future Development Opportunity in Old Town
- Low Maintenance Asset with Strong Upside Based on Historic NOI
- Located Within Qualified Census Tract, Difficult Development Area, and Opportunity Zone
EXECUTIVE SUMMARY
Full City Block Opportunity with Parking Income
Investment or Development Asset | CXd Zoning
Gross Land Area: 0.92 AC (40,000 SF)
Parking Spaces: 135 Surface Spaces
Zoning: CXd - Central Commercial
Base FAR: 6:1
Max FAR: 9:1 with Bonus
Max Height West Blocks: 200’ with Bonus
East Blocks: 125’
Sale Price: $9,390,000 ($235 / SF)
CAP Rate: 5.16%
T-12 NOI: $484,636
Investment or Development Asset | CXd Zoning
Gross Land Area: 0.92 AC (40,000 SF)
Parking Spaces: 135 Surface Spaces
Zoning: CXd - Central Commercial
Base FAR: 6:1
Max FAR: 9:1 with Bonus
Max Height West Blocks: 200’ with Bonus
East Blocks: 125’
Sale Price: $9,390,000 ($235 / SF)
CAP Rate: 5.16%
T-12 NOI: $484,636
PROPERTY FACTS
| Price | $9,390,000 | Proposed Use | Apartment Units |
| Sale Type | Investment | Total Lot Size | 0.92 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CX - Recently upzoned; height limit ranging from 125-200’ Zoning allows for development of Retail, Office, Multifamily, or Mixed-Use, with FAR up to 15:1 | ||
| Price | $9,390,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.92 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | CX - Recently upzoned; height limit ranging from 125-200’ Zoning allows for development of Retail, Office, Multifamily, or Mixed-Use, with FAR up to 15:1 |
1 LOT AVAILABLE
Lot
| Price | $9,390,000 | Lot Size | 0.92 AC |
| Price Per AC | $10,225,706.05 |
| Price | $9,390,000 |
| Price Per AC | $10,225,706.05 |
| Lot Size | 0.92 AC |
Full City Block Located Between NW Davis and NW Couch St In the NW Portland Neighborhood of Old Town Within Walking Distance to the Willamette River
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (93)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,522,880 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,522,880
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
George Diamond -
Capacity Commercial Group LLC
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125 NW 4th Ave - Block 33
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