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4739 N Interstate Ave 0.52 Acres of Commercial Land Offered at $4,500,000 in Portland, OR 97217

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INVESTMENT HIGHLIGHTS

Site adjacent to MAX Light Rail Line
Existing pylon signage on N Interstate
Easy access to I-5 (less than 1/4 mile to the on-ramp off N Going St)

Inside of a DDA boundary
Potential for additional off-market square footage if Buyer prefers
Off-site connections on N Interstate Ave

EXECUTIVE SUMMARY

Approx. 0.52 AC of prime, level commercial land on N Interstate Ave, one of the city's principal North-South arteries.
The property is immediately adjacent to the MAX Yellow Line and 2.5 blocks from the nearest station. The MAX Line has resulted in significant growth along its route over the past decade. The property is also just 1/4 mile to I-5 and 1/3 mile to Mississippi Ave, a popular retail and entertainment destination.
The property is currently operating as a motel, providing in-place income for a potential "covered land play" developer investment scenario.

Marketing Brochure/Flyer

PROPERTY FACTS

Price	$4,500,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Hotel Restaurant Schools Storefront, Retail or Office
No. Lots	1	Total Lot Size	0.52 AC
Property Type	Land
Zoning	CM3 - Commercial / mixed use zone allowing: household & group living / multifamily, retail, office, vehicle repair, schools, hospitals, institutional, more.

Price	$4,500,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Hotel Restaurant Schools Storefront, Retail or Office
Total Lot Size	0.52 AC
Zoning	CM3 - Commercial / mixed use zone allowing: household & group living / multifamily, retail, office, vehicle repair, schools, hospitals, institutional, more.

1 LOT AVAILABLE

Lot

Price	$4,500,000	Lot Size	0.52 AC
Price Per AC	$8,653,846.15

Price	$4,500,000
Price Per AC	$8,653,846.15
Lot Size	0.52 AC

Approx. 0.52 AC of prime, level commercial land on N Interstate Ave.

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Walk Score®

Very Walkable (77)

Bike Score®

Biker's Paradise (100)

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PROPERTY TAXES

Parcel Number	R257209	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$679,100

PROPERTY TAXES

Parcel Number

R257209

Land Assessment

Improvements Assessment

Total Assessment

$679,100

(503) 451-0745

CONTACTS

Cameron Schwab
Jack Gallagher
KW Commercial

Listing ID: 36029880
Date on Market: 5/29/2025
Last Updated:
Address: 4739 N Interstate Ave, Portland, OR 97217

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