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    Eleanor Ave Portland, OR 97229

    Sponsored
    For Sale
    $600,000

    Prime Portland retail pad, ±0.46 acres.

    Property size:
    20,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.46-acre commercial land parcel, totaling 20,038 square feet, presents a unique investment opportunity in Portland's desirable Bethany Crossing. Located at NW Eleanor Ave, 97229, within Multnomah County, this Class A property boasts a prime location within the North Bethany Master Plan, surrounded by a dense residential neighborhood. The property's zoning, designated NCC (NB Neighborhood Corner Commercial District), allows for a variety of uses, including bars, convenience stores, and restaurants, with the added potential for residential units above the ground floor. The asking price is $600,000, translating to approximately $29.95 per square foot. This corner lot offers exceptional visibility and accessibility, making it ideal for a range of retail and service businesses. Its proximity to numerous local restaurants and retailers, and its convenient location just 4 miles south of the Tanasbourne area, further enhances its appeal. The APN is R2223459. This is a rare opportunity to acquire a highly desirable commercial development pad in a thriving Portland neighborhood. Don't miss out on this chance to establish your business in a prime location with significant growth potential.

    Property Features for 0 Eleanor Ave

    General Information

    Property type
    Restaurants
    Square Feet
    20,038 SF
    Class
    A
    Lot Size
    20,038 SF

    HighLights

    • High‑visibility corner retail pad in densely populated residential area.
    • Zoning permits retail, service office, and residential uses (above ground floor).
    • Excellent location near numerous restaurants and retailers, including the Tanasbourne area (4 miles south).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.83158114932
    Latitude
    45.572159818691

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland retail pad, ±0.46 acres.
    Where is this restaurant located?
    The property is located at Eleanor Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High-visibility corner retail pad in densely populated residential area.; Zoning permits retail, service office, and residential uses (above ground floor).; Excellent location near numerous restaurants and retailers, including the Tanasbourne area (4 miles south).
    Request Owner's contact information
    Eleanor Ave Portland, OR 97229
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    Portland, OR 97229
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Eleanor Ave Portland, OR 97229
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