0 Eleanor Ave Portland, OR 97229
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.