Full City Block
125 NW 4th Ave, Portland, OR 97209
0.92 AC commercial land with parking income in Portland.
Type:Land
Property size:
40,000 SFLot size:
0.92 AcresPrice / SF:
$234/SF- Added:
- Jan 26, 2026
- Days on Market:
- 115
- Last Refresh:
- Feb 16 at 7:01 pm
Property Features for 125 NW 4th Ave
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Lot size
- 0.92 Acres
- Property subtype
- Land
Listing agent Nicholas Diamond License #OR #200403266 (503) 222-2655
Listing office Capacity Commercial Group (503) 222-2655
Listing date Jan 26, 2026
Source Corfac
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 Capacity Commercial Group
HighLights
- Full City Block Opportunity: Boasting 0.92 AC (40,000 SF) of Gross Land Area.
- High‑Density Development Potential: CXd Zoning allows for Base FAR 6:1, Max FAR 9:1.
- Existing Parking Income: Benefit from 135 surface spaces generating $484,636 T‑12 NOI with a 5.16% CAP Rate.
- Opportunity Zone Location: Explore potential tax benefits and incentives.
- Strategic Location: Located in NW Portland's Old Town, near the Willamette River.
- Development Flexibility: Max Height up to 200’ with Bonus.
Overview
This 0.92-acre (40,000 SF) commercial land is a full city block located between NW Davis and NW Couch St in the Old Town neighborhood of NW Portland, within walking distance of the Willamette River. The property features 135 surface parking spaces. Zoned CXd - Central Commercial, the base Floor Area Ratio (FAR) is 6:1, with a maximum FAR of 9:1 with bonus. The maximum height for west blocks is 200 feet with bonus, and for east blocks, it is 125 feet. This property presents a parking investment opportunity with fee simple ownership. It is a low-maintenance asset with strong upside based on historic Net Operating Income (NOI). The property is located within a qualified census tract, difficult development area, and opportunity zone, offering a future development opportunity in Old Town. The T-12 NOI is $484,636 with a CAP Rate of 5.16%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.675
- Latitude
- 45.524
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 0.92 AC commercial land with parking income in Portland.
Where is this commercial land located?
The property is located at 125 NW 4th Ave Portland, OR.
What is the asking price?
The asking price for this property is $9,390,000.
What are key features of this property?
This property features: Full City Block Opportunity: Boasting 0.92 AC (40,000 SF) of Gross Land Area.; High‑Density Development Potential: CXd Zoning allows for Base FAR 6:1, Max FAR 9:1.; Existing Parking Income: Benefit from 135 surface spaces generating $484,636 T‑12 NOI with a 5.16% CAP Rate.
