Property summary
This exceptional 2,440 square foot retail property, located at 519 NW 21st Ave in Portland, Oregon, presents a unique investment opportunity. Built in 1927 and situated on a 0.06-acre lot, the property boasts a brand new, never-used interior with a high-end buildout. Premium materials, soundproof doors, and walls create a sophisticated and quiet environment. The space is currently vacant and available for lease under a NNN lease structure. The asking price is $1,380,000, translating to $565.57 per square foot. Zoned CS, this property benefits from its prime location on 21st Avenue, near NW Glisan Street, ensuring high foot traffic and visibility. The area's commercial vitality and limited availability of comparable properties (only 12 sold since January 1, 2022) highlight the exceptional nature of this investment. The property's address is 519 NW 21st Ave, Portland, OR 97209, within Multnomah County. This is a rare chance to acquire a meticulously renovated retail space in a highly sought-after Portland neighborhood. The property's superior build-out and location make it ideal for a variety of retail uses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CS · Portland, ORZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for CS in Portland, OR.
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