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Prime Redevelopment Site in Portland
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Pending

550 Northwest 6th Avenue, Portland, OR 97209

2.08-acre redevelopment site with access to public transit.

Property Size37,983 SF
Lot Size2.08 Acres
Days on Market149

Property Features for 550 Northwest 6th Avenue

General Information

Standard status Pending
Size 37,983 SF
Lot size 2.08 Acres
Property subtype SpecialPurpose
Listing Agency: CBRE - Portland
Listed By: Graham Taylor · License #01429996
Source: Cbre
Added: Mar 25 Changed: Aug 19 Last Checked: Jul 23 at 2:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Portland

Investment Insights

Based on property information with market context.

This is an opportunity to acquire the former Greyhound Terminal at Union Station, a 2.08-acre redevelopment site located in Northwest Portland’s Old Town District, within the transformational Broadway Corridor Project. The site has immediate access to public transit, including the Portland Streetcar and the MAX Light Rail. The former Greyhound Terminal site is located within the larger 34-acre project area. Prosper Portland purchased the 14-acre Downtown USPS sorting facility in 2016 and has since completed the majority of demolition of the buildings, while starting entitlement of the first project. The site includes two parking lots and is located in an area with a deep talent pool.

Key Highlights

  • Prime 2.08‑acre redevelopment site within the transformational Broadway Corridor Project.
  • Unparalleled location with immediate access to public transit (Portland Streetcar and MAX Light Rail).
  • Located within the larger 34‑acre project area impacted by a catalyst for growth.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Auto Parts Store Nail Salon Barber Shop Electrical Service Restaurant Storage Facility

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

5,275
Businesses Nearby

Demographics for 97209, OR

22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Commercial land - 2.08-acre redevelopment site with access to public transit.
Where is this commercial land located?
The property is located at 550 Northwest 6th Avenue Portland, OR.
What are key features of this property?
This property features: Prime 2.08‑acre redevelopment site within the transformational Broadway Corridor Project.; Unparalleled location with immediate access to public transit (Portland Streetcar and MAX Light Rail).; Located within the larger 34‑acre project area impacted by a catalyst for growth.
More about this property
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