10 12Th AvePortland, OR 97209

Property Details for 10 12Th Ave

Year built

2002

Lot size

0.03 AC

Zone code

EX

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1N1E33DA 04901A1

APU

1N1E33DA04901A1

Description

This exceptional retail and restaurant opportunity is located in the vibrant Brewery Blocks district of Portland, Oregon, at 10 NW 12th Ave, zip code 97209. The property, formerly Henry's, offers a total of 17,967 square feet of space, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,070 square feet to a maximum contiguous space of 9,845 square feet. This presents a unique chance for businesses seeking flexible space in a high-traffic, desirable area. The property's location within Multnomah County places it in the heart of Portland's bustling downtown core, offering excellent visibility and accessibility. The building's versatile layout is ideal for a variety of retail or restaurant concepts, making it an attractive investment for businesses looking to establish a strong presence in a thriving market. The property is categorized as commercial, offering significant potential for growth and profitability. This is a rare opportunity to secure a substantial space in a prime Portland location. Interested parties should inquire for further details and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $305,422

  6.5%

  $281,928

  7%

  $261,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,149

  Geo Method

  $214,149

• Alternative Use

  Use

  Valuation

  Residential

  $349,591

  Hospitality

  $320,223

  Educational

  $266,422

  Medical

  $275,585

  Retail

  $414,434

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5233

Longitude

-122.683

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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