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3601 S River Pky - The John Ross Retail Condo

8,041 SF Retail Condo Unit Offered at $3,989,257 CAD in Portland, OR 97239

Investment Highlights

  • Retail Condo Located Within The John Ross Mixed-Use Condominium Building - LEED Certified - Built 2007
  • Fantastic Owner-User or Investment Opportunity with 2 Vacant Spaces and 1 Fully Leased
  • Nearby I-5, Highway 43, Highway 26 as well as Portland Street Car Line, MAX Light Rail Orange Line
  • High Traffic Area with Over 2,250 Apartment/Condo Units in the South Waterfront District
  • Priced to Sell Together or Individually

Data Room Click Here to Access

Property Facts

Price $3,989,257 CAD
Unit Size 8,041 SF
No. Units 1
Total Building Size 500,000 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment
Building Class A
Floors 31
Typical Floor Size 14,194 SF
Year Built 2007
Lot Size 1.16 AC
Parking Ratio 0.5/1,000 SF

1 Unit Available

Unit A-3

Unit Size 8,041 SF
Price $3,989,257 CAD
Price Per SF $496.11 CAD
Condo Use Retail
Sale Type Investment
Cap Rate 6.71%
NOI $267,676.45 CAD
Sale Notes

Retail Condo in Portland's Highly Sought After South Waterfront!
Owner-User / Investment Opportunity
--------------------
Space A-3 (Fully Leased)
Total Space: 8,041 SF
Sales Price: $2,814,350 ($350/sf)
Actual NOI: $188,841
Actual CAP: 6.70%

Walk Score ®
Very Walkable (84)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Biker's Paradise (95)
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.®

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Disposal
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Views
  • Carpet
  • Island Kitchen

Site Amenities

  • Controlled Access
  • Concierge
  • Courtyard
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Waterfront
  • Grill
  • Roof Terrace
  • Elevator

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 30968117

  • Date on Market: 2024-02-15

  • Last Updated:

  • Address: 3601 S River Pky, Portland, OR 97239

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