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8325 SE McLoughlin Blvd
Portland, OR 97202
Acropolis Steakhouse · Retail Property For Sale
Investment Highlights
- Landmark Business, Building, Signage
- Large Building with Two Parking Lots for up to 40 Parking.
- High-Traffic-Count Highway 99
Executive Summary
A rare real estate development and/or business opportunity in close-in SE Portland along the major arterial road of Highway 99/McLoughlin Blvd. Three tax lots for a total of 0.89 acre/38,757 sf with a landmark business and building of Portland. 271-foot frontage. Two parking lots accommodate 40 parking spaces; ratio: 5.14/1000 SF. Restaurant capacity is 152 people. Great exposure and visibility from high-traffic-volume highway. The well-recognized large business signage is grandfathered in as long as it is not removed. Large, two-story building. Johnson Creek on the West side of the property. Portland Commercial Employment (CE) zoning for medium-scale, auto-oriented zone intended for sites along corridors in areas between designated centers, especially along Civic Corridors that are also major truck streets. The emphasis is on commercial and employment uses - allowable uses include: retail sales and services, office space, quick vehicle servicing, vehicle repair, self-service storage, household living, institutional uses, and limited manufacturing and other low-impact industrial uses. 45-foot (~4 stories) maximum height. Parking not required. 2.5:1 FAR, can be increased to 4:1 with bonus provisions.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
7,778 SF
Building Class
C
Year Built
1947
Price
$1,950,000
Price Per SF
$250.71
Tenancy
Single
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.27 AC
Zoning
CG - Commercial Employment CE zoning 45-foot (~4 stories) maximum height. Parking not required. 2.5:1 FAR, can be increased to 4:1 with bonus provisions.
Parking
40 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
271’ on Mcloughlin Blvd
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $254,830 | Total Assessment | $722,190 |
Property Taxes
Parcel Numbers
Land Assessment
$254,830
Improvements Assessment
$0
Total Assessment
$722,190
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