2301 181St AvePortland, OR 97230

Property Details for 2301 181St Ave

Year built

1994

Lot size

0.65 AC

Property size (Sq ft)

2,556 SF

Zone code

MC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1N3E30D 00400

APU

1N3E30D00400

Description

This exceptional investment opportunity presents a vacant 33,536-square-foot retail pad site located at 2301 N NE 181st Ave in Portland, Oregon. Situated on a 0.77-acre lot in Multnomah County, this single-tenant property offers significant potential for development or redevelopment. The property's substantial size provides ample space for a variety of retail uses, catering to the growing needs of the surrounding community. Its strategic location in Portland offers excellent visibility and accessibility, ensuring high traffic volume and potential for strong tenant occupancy. The property is currently vacant, providing a blank canvas for a prospective buyer to tailor the space to their specific business needs. With its prime location and substantial size, this property represents a rare opportunity to acquire a highly desirable retail asset in a thriving market. The address is 2301 N NE 181st Ave, Portland, OR 97230. The property type is classified as Retail and Land, with a subtype of Commercial Pad Site. This is a single-tenant property. The property is located in Multnomah County. This is a significant opportunity for investors seeking a high-impact retail investment in the Portland metropolitan area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,031,986

  6.5%

  $952,602

  7%

  $884,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,240,431

  Geo Method

  $1,240,431

• Alternative Use

  Use

  Valuation

  Residential

  $803,555

  Hospitality

  $736,052

  Educational

  $612,387

  Medical

  $633,448

  Retail

  $952,602

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5397

Longitude

-122.478

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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