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The George Mixed-Use Property
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404 NW 23rd Avenue, Portland, OR 97210

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

Property Size29,569 SF
Price / SF$490.38
Days on Market53

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

Additional Details

Public Transit Yes

Building Details

Year Built 1987
Stories 3
Units 10
Tenancy Multi
Listing Agency: CBRE - Portland
Listed By: Wes Bochner · License #201246821
Source: Crexi
Added: Aug 6 Changed: Sep 12 Last Checked: Sep 26 at 7:03AM

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.

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

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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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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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
More about this property
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