1206 Alberta St 1238, Portland, OR 97211-5004
This exceptional .348-acre commercial land parcel is situated in the vibrant heart of Portland's Alberta Arts District, at 1206 NE Alberta St, zip code 97211, Multnomah County, Oregon. Zoned CM2 dhm (MU-U), this property presents a unique investment opportunity within a thriving and highly sought-after neighborhood. The Alberta Arts District is renowned for its rich cultural heritage, boasting a diverse array of local artists, galleries, boutiques, acclaimed restaurants, and popular bars. This location benefits from significant foot traffic and community engagement, particularly during the summer's "Last Thursdays" events, which transform NE Alberta Street into a vibrant pedestrian-only street fair attracting thousands of attendees. The property's size and zoning offer considerable flexibility for a variety of commercial developments, capitalizing on the area's high demand and consistent growth. The asking price for this exceptional land parcel is $3,000,000. Its central location within the Alberta Arts District ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a prime location in one of Portland's most dynamic neighborhoods. The property's latitude and longitude coordinates are 45.5588856 and -122.653375 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CGH · Portland, ORPortland. Always verify with local authorities before improvements.
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.