1520 SE 32nd Ave | Portland, OR 97214
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- LoopNet Team
1520 SE 32nd Ave
Portland, OR 97214
32nd & Hawthorne · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Zoning provides opportunity to go vertical with a mixed-use or multifamily development.
- Rents are significantly below market averaging $18.52 PSF on a modified gross lease structure, whereas market rents are close to $25-$30/SF.
- The Property is located on an urban infill location with high barriers to entry and no new competing developments.
- The Property is a six-tenant retail center with frontage on Hawthorne Blvd. Offered significantly below replacement cost at $261 per square foot.
- The Property is located in low vacancy sub-market with high average household incomes of $135K within a mile of the property.
- Hawthorne is a highly walkable, trendy neighborhood and a number of surrounding amenities with a walk score of 95%.
PROPERTY FACTS
Property Type
Retail
Building Size
8,425 SF
Year Built
1925
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.26 AC
Zoning
CS
PROPERTY TAXES
| Parcel Number | R168831 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $983,550 |
PROPERTY TAXES
Parcel Number
R168831
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$983,550
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