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125 NW 4th Ave
Portland, OR 97209
Block 33 · Land For Sale
·
0.92 AC
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
Property Facts
| Property Type | Land | Total Lot Size | 0.92 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| 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 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.92 AC |
| No. Stories | 1 |
| 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 |
Description
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
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
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