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26-32 NW 4th Ave
Portland, OR 97209
Retail Property For Sale
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.
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
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
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