255 10Th AvePortland, OR 97209

Property Details for 255 10Th Ave

Year built

2017

Lot size

0.46 AC

Property size (Sq ft)

175,852 SF

Zone code

EXD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

1N1E34CB 07000

APU

1N1E34CB07000

Description

This exceptional mixed-use building, The Gossamer, located at 255 NW 10th Ave in Portland, Oregon's vibrant Pearl District, offers a unique opportunity for retail and restaurant businesses. Built in 2020, the 199,000 square foot building features multiple tenancies, with spaces ranging from a minimum of 1,915 square feet to a maximum contiguous space of 3,198 square feet. Currently, 5,113 square feet of space is available. One immediately available suite, totaling 1,915 square feet, is ideal for retail or service-based businesses and is listed at $38 per square foot, NNN. Another suite, perfect for a restaurant or café, offers 3,198 square feet and is available in 30 days at a rate of $37 per square foot, NNN. The building's modern design and prime location within the bustling Pearl District provide unparalleled visibility and access to a high-density population of residents and visitors. This is an exceptional opportunity to establish a presence in one of Portland's most sought-after commercial areas. The zip code is 97209. Please note that one suite is currently leased to Orangetheory. This property presents a rare chance to secure a prominent space in a thriving, dynamic neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $59,891,392

  6.5%

  $55,284,364

  7%

  $51,335,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,491,648

  Geo Method

  $52,491,648

• Alternative Use

  Use

  Valuation

  Residential

  $55,284,364

  Hospitality

  $50,640,180

  Educational

  $42,132,036

  Medical

  $43,581,020

  Retail

  $65,538,720

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5248

Longitude

-122.681

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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