Listing Agency: Apex Real Estate Partners n***@apexcre.com Show Phone

Listed By: Nathan Sasaki Show Phone

Source: Moodyscre

Added: Jul 4, 2025 Changed: Aug 16 Last Checked: Aug 31 at 2:19AM

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Investment Insights

Based on property information with market context.

This single-story retail property, currently functioning as a financial institution, offers approximately 5,000 square feet of space with an additional 5,000 square feet below grade. The property benefits from excellent public transportation access and high foot traffic, providing great visibility and signage opportunities. Zoned Commercial Mixed Use 2 (CM2), the property has a base Floor Area Ratio (FAR) of 2.5:1, which can be increased to 4:1 with bonus provisions.

Key Highlights

• Excellent public transportation access
• Great foot traffic and visibility with signage opportunity
• Commercial Mixed Use 2 (CM2) zoning

Property Analytics

Property Profile

Current Use

U.S. Bank-Michael Martin-Mortgage ... Loan Service U.S. Bank Branch Bank U.S. Bank ATM Atm Mechanical Insulation Contracting General Contractor

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Daycare Center Plumbing Service Tanning Salon Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,754

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bank - Retail property functioning as a financial institution with high visibility.

Where is this bank located?

The property is located at 1001 NW 23rd Ave Portland, OR.

What are key features of this property?

This property features: Excellent public transportation access; Great foot traffic and visibility with signage opportunity; Commercial Mixed Use 2 (CM2) zoning