425 SW 5th Ave Portland, OR

Listing agency Menashe Properties Show Phone

Listed by Lauren Menashe

Source Moodyscre

Added: Jun 17, 2023 Updated: Jul 10 at 11:49AM Checked: Jul 21 at 5:56AM

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Investment Insights

Based on property information with market context.

This premier site is located in a qualified opportunity zone in Portland. The landmark location in the central business district offers significant development potential, with zoning allowing for the greatest floor area ratio and tallest height in Portland. The site allows for a 540,000 square feet development with approximately 36 stories on a half-block site. The property currently generates income from credit tenants and parking. The location offers spectacular river and mountain view potential. Situated directly on the MAX transit line, the property benefits from a gateway location on SW Washington and SW Stark, the primary entry and exit corridors to and from downtown. It provides direct access to the Morrison Bridge, Central Eastside, I-84, I-5, and I-405. The surrounding area features thriving retail amenities, dynamic employment and population growth, and a booming office market driven by high-tech companies. The area also benefits from excellent hotel dynamics. The property is 77,315 square feet.

Key Highlights

• 540,000 SF development potential with ± 36 stories allowed.
• Landmark central CBD location in a qualified opportunity zone.
• Zoning provides greatest FAR and tallest height allowed in Portland.

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FAQs

What type of property is this?

Office building - Premier location with high development potential in Portland's CBD.

Where is this office building located?

The property is located at 425 SW 5th Ave Portland, OR.

What are key features of this property?

This property features: 540,000 SF development potential with ± 36 stories allowed.; Landmark central CBD location in a qualified opportunity zone.; Zoning provides greatest FAR and tallest height allowed in Portland.