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1547 NE 40th Ave
Portland, OR 97232
Hollywood Retail Center · Retail Property For Sale
Investment Highlights
- Fully Leased NNN Retail: Anchored by long-term tenants (FedEx, Sally Beauty), with new leases to LensCrafters and Best Mind Therapy.
- Excellent Access & Visibility: Frontage on two major roads (45K+ VPD), near I-84 & Hollywood Transit Center. Rare on-site parking.
- Zoned for Future Mixed-Use: Over 0.5 acres with CM2 zoning—ideal for long-term redevelopment.
- Affluent, Dense Trade Area: 27K+ residents within 1 mile, $170K+ avg. income, $640K avg. home value.
- Trader Joe’s Adjacent: Next to top-performing Trader Joe’s (~1M annual visits), driving daily foot traffic.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,577 SF
Building Class
B
Year Built
2001
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.60 AC
Zoning
CM2
Parking
30 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
182’ on Sandy Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $275,740 | Total Assessment | $2,736,700 |
Property Taxes
Parcel Numbers
Land Assessment
$275,740
Improvements Assessment
$0
Total Assessment
$2,736,700
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