Downtown Parking Development
For Sale
$3,500,000
969 SW 2nd AVE #4000, Portland, OR 97204
Surface parking lot with permitting progress for a potential food cart pod development in central downtown Portland.
Property SizeContact for details
Days on Market170
Property Features for 969 SW 2nd AVE #4000
General Information
Standard status
Active
Property subtype
Unimproved Land
Additional Details
Business Included
Yes
Amenities
Electricity Available, Natural Gas Available, Public Sewer, Water Available
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Bradley King · License #201235429
(503) 313-8262
Source:
Kw
Added: Mar 23
Changed: Sep 7
Last Checked: Sep 8 at 10:35AM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This downtown parcel is currently operating as a surface parking lot, providing an income-producing use while development work moves forward. The owner is almost through the permitting process to develop the unused portion of the site into a food cart pod, with conceptual plans already in place. The configuration supports an active parking operation while allowing for alternative development approaches for the right buyer.
The property is located in the center of Downtown Portland at the corner of SW 2nd Ave and Salmon St. Public remarks indicate strong pedestrian activity throughout the day and evening, with the site described as next to the courthouse and within walking distance of the waterfront.
For buyers or investors, the site offers flexibility: it can continue as an operating parking asset while pursuing the permitted direction for a food cart pod, or it can be evaluated for other development possibilities consistent with the parcel’s location and layout. This is a land offering where near-term permitting progress and the existing parking use provide practical options for an operator or developer looking for an in-city site.
The property is located in the center of Downtown Portland at the corner of SW 2nd Ave and Salmon St. Public remarks indicate strong pedestrian activity throughout the day and evening, with the site described as next to the courthouse and within walking distance of the waterfront.
For buyers or investors, the site offers flexibility: it can continue as an operating parking asset while pursuing the permitted direction for a food cart pod, or it can be evaluated for other development possibilities consistent with the parcel’s location and layout. This is a land offering where near-term permitting progress and the existing parking use provide practical options for an operator or developer looking for an in-city site.
Key Highlights
- Surface parking lot in central downtown Portland currently operating for income/cash flow
- Permitting is almost complete to develop the unused portion into a food cart pod
- Parcel is located at SW 2nd Ave & Salmon St in downtown Portland with high visibility
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
11,353
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97204, OR
1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Surface parking lot with permitting progress for a potential food cart pod development in central downtown Portland.
Where is this parking lot & garage located?
The property is located at 969 SW 2nd AVE #4000 Portland, OR.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Surface parking lot in central downtown Portland currently operating for income/cash flow; Permitting is almost complete to develop the unused portion into a food cart pod; Parcel is located at SW 2nd Ave & Salmon St in downtown Portland with high visibility
