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The George Mixed-Use Property

404 NW 23rd Avenue, Portland, OR 97210

For Sale
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Located on NW 23rd Avenue within Commercial Mixed Use 2 zoning.

Property Size29,569 SF
Price / SF$490.38
Days on Market101

Property Features for 404 NW 23rd Avenue

General Information

Standard status Active
Size 29,569 SF
Total Parking Spaces 24
Property subtype Mixed Use, Multifamily, Retail, Office
Zoning Commercial Mixed Use 2 (CM2m)
Occupancy 100%
Investment Type Stabilized

Site & Location

Neighborhood Northwest
Public Transit Yes

Building Details

Year Built 1987
Stories 3
Units 10
Tenancy Multi
Listing Agency: CBRE - Portland
Listed By: Wes Bochner · License OR #201246821
Source: Crexi
Added: Aug 6 Changed: Oct 26 Last Checked: Nov 14 at 4:28AM

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

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Investment Insights

Based on property information with market context.

The George is a mixed-use property containing 29,569 square feet and completed in 1987. The asset is located at 404 NW 23rd Avenue in Portland, Oregon, within the Commercial Mixed Use 2 (CM2m) zoning district.

NW 23rd Avenue is associated with boutiques, restaurants, cafés, galleries, theaters, grocery options, and preserved Victorian and Edwardian buildings. The surrounding area also offers access to Forest Park trailheads, multiple bus lines, the Portland Streetcar, and established bicycle routes connecting with the Portland Metro and major employment centers.

Key Highlights

  • 29,569‑square‑foot mixed‑use property
  • Commercial Mixed Use 2 (CM2m) zoning
  • Built in 1987

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Snow Peak (Bike/Boat/Book/etc) Store

Suggested Use

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

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

5,209
Businesses Nearby

Demographics for 97210, OR

13,016
Population
7,910
Households
1.6
Avg Household Size
38
Median Age
76%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
1,462
Density / Sq Mi
$87,942
Median Household Income
$66,429
Median Earnings
$1,577
Median Rent
$991,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Portland, OR

$303 Jul
$301 Aug
$301 Sep
$289 Oct

Properties on Market for Mixed-use properties in Portland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Located on NW 23rd Avenue within Commercial Mixed Use 2 zoning.
Where is this mixed-use property located?
The property is located at 404 NW 23rd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 29,569‑square‑foot mixed‑use property; Commercial Mixed Use 2 (CM2m) zoning; Built in 1987
(503) 946-4913 Call to check price and availability
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