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1536 NW 23rd Ave 3,992 SF 100% Leased Retail Building Portland, OR 97210 $1,350,000 ($338.18/SF) 6.65% Cap Rate
Executive Summary
• 1734 SF of Retail / Office Suite Available for Owner-User Buyer
• Ground floor and Street-level tenants in place
• Ideal for Small Office, Therapist, Massage, Etc
• Located in Slabtown at the north end of NW 23rd Ave
• High Visibility on popular NW 23rd (±11,000 ADT)
• One Minute to Hwy 30 to I-405 On / Off Ramps
• TriMet Bus Stops out front @ 23rd & Raleigh St
• Nearby Retail & Services: Portland Running Co, Bull, Run Distillery, Matador, Kate’s Ice Cream, St. Jack, Pine State Biscuits, Moberi, Life of Pie, McMenamins, Breakside Brewery, CVS, New Seasons, Orange Theory, Grassa, Lela’s Bistro, Case Study Coffee, Legacy-Good Samaritan Hospital
• Ground floor and Street-level tenants in place
• Ideal for Small Office, Therapist, Massage, Etc
• Located in Slabtown at the north end of NW 23rd Ave
• High Visibility on popular NW 23rd (±11,000 ADT)
• One Minute to Hwy 30 to I-405 On / Off Ramps
• TriMet Bus Stops out front @ 23rd & Raleigh St
• Nearby Retail & Services: Portland Running Co, Bull, Run Distillery, Matador, Kate’s Ice Cream, St. Jack, Pine State Biscuits, Moberi, Life of Pie, McMenamins, Breakside Brewery, CVS, New Seasons, Orange Theory, Grassa, Lela’s Bistro, Case Study Coffee, Legacy-Good Samaritan Hospital
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,992 SF
Building Class
C
Year Built
1908
Price
$1,350,000
Price Per SF
$338.18
Cap Rate
6.65%
NOI
$89,740
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.02
Lot Size
0.09 AC
Zoning
CM2 - CM2 (Commercial Mixed Use 2)
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
10’ on 23rd & Raleigh
Amenities
- Bus Line
- Metro/Subway
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Restaurant St Jack
- Retailer
- -
- -
- -
- Superette
- -
- -
- -
- -
- The Natural Path
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Restaurant St Jack | Retailer | - | - | - | ||
| Superette | - | - | - | - | ||
| The Natural Path | Services | - | - | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | R141382 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $404,490 |
Property Taxes
Parcel Number
R141382
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$404,490
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1536 NW 23rd Ave
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