4920 42nd Ave Portland, OR 97218-1502

Property Details for 4920 42nd Ave

Year built

1980

Lot size

0.73 lot acres

Property size

4,676 SF

Zone code

CGH

Property type

Office Properties & Spaces

APN

1N2E19BC 01600

APU

1N2E19BC01600

Description

This exceptional 4,664 square foot commercial building, situated on a 0.73-acre corner lot in Portland, Oregon (97218), presents a remarkable investment opportunity. Built in 1980, this single-story Class C property boasts a prime location at 4920 NE 42nd Ave, offering high visibility on a busy arterial with approximately 8,342 average daily traffic counts. The former bank building features a spacious lobby, open office space, service windows, a conference room, restrooms, and ample storage. The expansive lot includes 20 parking spaces and a drive-thru lane, making it ideal for a variety of uses, including quick-service restaurants (QSR). The CM2 Commercial Mixed Use zoning allows for diverse development possibilities. The asking price is $1,400,000, translating to $300.17 per square foot. This vacant property offers significant potential for owner-users or future development, capitalizing on its prominent location and versatile layout. The property's features include low-maintenance landscaping and monument signage. The substantial lot size (approximately 31,799 square feet) provides ample space for expansion or additional amenities. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Portland neighborhood.