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1909-1915 SW 6th Ave

6,500 SF 100% Leased Retail Building Portland, OR 97201 $5,688,520 CAD ($875 CAD/SF) 3.30% Cap Rate

Investment Highlights

  • Portland State University
  • Management On-Site Parking
  • Heavy Walking Traffic

Executive Summary

Income or redevelopment investment property with over 200 feet of frontage. High traffic count, visibility in the heart of PSU and national brands. 3 NNN leased units. CX - Central Commercial in Opportunity Zone. Family owned AAA commercial investment property since 1953. The property is conveniently located on NE corner of SW Hall St and SW 6th Ave in Portland Oregon. Portland State University has over 28,000 students, 6000 professors, managers, and administrative staff. This investment property benefits from walking traffic to and from the various colleges, University Center and a multi-level student parking garage across street. The 6500 sq. ft. building includes valuable on-site management parking. There is currently a restaurant, boutique coffee shop, and a print shop that serve the University population. Excellent 1031 Exchange for income.
Subject to lease rights. Proof of funds, and or property specific commercial loan approval required to show. Showing by appointment only with listing broker. Use OREF Commercial forms to make offer. Title will be First American Title - Christina Brusco. Do not disturb businesses. Call or email listing broker for details.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
6,500 SF
Building Class
C
Year Built
1953
Price
$5,688,520 CAD
Price Per SF
$875 CAD
Cap Rate
3.30%
NOI
$187,721 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CX - CX - Central Commercial in Opportunity Zone.
Frontage
200 ft on SW Hall St and SW 6th Ave

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Rede Print
  • Services
  • -
  • -
  • -
  • Tasty Corner
  • -
  • -
  • -
  • -
  • Wild Rose Coffee
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Rede Print Services - - -
Tasty Corner - - - -
Wild Rose Coffee - - - -
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
U.s. Bank
Starbucks
24 Hour Fitness
Bank of America
Heritage Bank
Fogo de Chão
First Republic Bank
Ruth’s Chris Steak House
Bank of Montreal

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R246361
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,667,718 CAD
  • Listing ID: 33297641

  • Date on Market: 2024-09-25

  • Last Updated:

  • Address: 1909-1915 SW 6th Ave, Portland, OR 97201

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