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26-32 NW 4th Ave 9,500 SF 100% Leased Retail Building Portland, OR 97209 $2,000,000 ($210.53/SF) 3% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-use investment: 3,000 SF Nightclub & 9 SRO units
- Home to Shake Bar nightclub
- Great visibility with direct line of sight through chinatown gateway to W Burnside's 21,423+ VPD
EXECUTIVE SUMMARY
A commercial building of 9,500 sq ft is located at Historic Old Town PDX. Mixed-use investment: 3,000 SF Nightclub & 9 SRO units. Highly visible & corner location.
5 year NNN lease on the first floor with exp of 2029 with an additional 5 year option for renewal. Currently the space is used as a night club.
The second floor is owner occupied with a total of 2,375 SF of space to utilize. In addition to, the second floor also holds a residential unit that can provide income.
5 year NNN lease on the first floor with exp of 2029 with an additional 5 year option for renewal. Currently the space is used as a night club.
The second floor is owner occupied with a total of 2,375 SF of space to utilize. In addition to, the second floor also holds a residential unit that can provide income.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,500 SF
Building Class
C
Year Built
1890
Price
$2,000,000
Price Per SF
$210.53
Cap Rate
3%
NOI
$60,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.98
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CXD
Frontage
127’ on Couch St
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (93)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
1 of 6
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26-32 NW 4th Ave
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