827 NE Alberta St
Portland, OR 97211
Mixed-use · Retail Property For Sale

Marcus & Millichap is pleased to present 827 NE Alberta Street, a 4,480 square foot wood frame building on a 7,150 square foot parcel. Marcus & Millichap is pleased to present for sale 827 Northeast Alberta Street, a 4,480 square foot wood-frame building, situated on a 7,150 square foot parcel. The building is located next to trendy Alberta Arts District, an independent and culturally diverse neighborhood in Portland, Oregon. It is named after Alberta Street, a bustling thoroughfare stretching from the Northeast section of the city and crossing Interstate 5. Teeming with eclectic shops, boutiques, restaurants and food carts, Alberta Street has developed a rich reputation for the arts and remains a popular urban destination. The parcel is positioned on corner lot with 100 feet of frontage exposure on Northeast Alberta Street. The current zoning is CM2 Zoning under the recently adopted Portland Comprehensive Plan, effective May 24, 2018. CM2 (Commercial Mixed Use 2) allows for four-story retail-office-residential at a 45 to 55 foot maximum height limit and 2.5:1,000 to 4.0:1,000 maximum FAR of 4:1 ratio. Parking is generally not required when located near transit and under 30 units and this property is located on a frequent mass transit line. The property is located approximately two miles to downtown Portland, two miles to the Pearl District, 0.8 miles to the Lloyd Center, one mile to Central Eastside, and seven miles to the Portland International Airport. It is considered a “very walkable” area with a walk score of 89 as well as a “very bikable” score of 81. This listing is appropriate for a variety of different types of buyers. A flexible lease structure gives an owner attractive in-place income with future upside, owner-user flexibility, and long-term development potential. Virtual tour of the interior on Googlemaps at the following URLs: Good Life Medicine Center: https://goo.gl/maps/wCKztvXFs7T2 Carioca Bowls: https://goo.gl/maps/8uEJKygCuRM2