7409 Interstate Ave Portland, OR 97217
- Commercial real estate
- 1,440 SF
- 0.25 lot acres
Current Use by Public Records
- OnPoint COVID Testing / Medical Laboratory / Laboratory
Property Details for 7409 Interstate Ave
- Year built
- 1948
- Lot size
- 0.25 lot acres
- Property size
- 1,440 SF
- Zone code
- CG
- Property type
- Commercial real estate
- APN
- 1N1E16AA 00200
- APU
- 1N1E16AA00200
Description
This ±1,400 square foot retail space, located at 7409 N Interstate Ave in Portland, Oregon, presents a fantastic opportunity for a variety of businesses. The property is classified as both retail and restaurant space, and is currently configured as a single-tenant occupancy. Its ideal location in Multnomah County, zip code 97217, offers excellent visibility and accessibility. A key advantage is the availability of off-street parking, a rare find in this area. The space is suitable for a sandwich shop or office, among other uses. Pylon signage is available, enhancing visibility and brand recognition. The lease rate is $26.00 per square foot, plus NNN charges. The property is expected to be available for occupancy in mid-to-late November 2024. This prime location, combined with the convenient parking and signage opportunities, makes this space an exceptional investment for a discerning business owner. The property is easily accessible from Interstate Avenue, providing convenient access for customers and employees. This is a unique opportunity to secure a well-located retail space in a thriving Portland neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $570,000
- 6.5%
- $610,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $690,000
- Mixed-Use
- $670,000
- Hospitality
- $605,000
- Educational
- $560,000
- Residential Income
- $590,000
- Energy
- $730,000
- Income-Based Land
- $685,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.682
- Latitude
- 45.5766
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
