4739 N Interstate Ave - Hospitality FOR SALE


Portland, OR 97217- Overlook
$4,500,000 USD
503-451-0745
4739 N Interstate Ave, Portland, OR for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

4739 N Interstate Ave
Portland, OR 97217
Overlook


HIGHLIGHTS

  • Inside of a DDA boundary
  • Existing pylon signage on N Interstate
  • Potential for additional off-market square footage if Buyer prefers
  • Easy access to I-5 (less than 1/4 mile to the Southbound on-ramp off N Going St)
  • Site adjacent to MAX Light Rail Line
  • Existing curb cuts on both N Interstate Ave and N Wygant St

OVERVIEW

Approx. 0.52 AC of prime, level commercial land on N Interstate Ave, one of the city's principal North-South arteries. The property is immediately adjacent to the MAX Yellow Line and 2.5 blocks from the nearest station. The MAX Line has resulted in significant growth along its route over the past decade. The property is also just 1/4 mile to I-5 and 1/3 mile to Mississippi Ave, a popular retail and entertainment destination. The property is currently operating as a motel, providing in-place income for a potential "covered land play" developer investment scenario. FAR for the Property is 3:1 or up to 5:1 with bonuses.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$454 USD /SF

# OF ROOMS

20

PRICE/ROOM

$225,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

0.52 AC Commercial Land on N Interstate Ave

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CM3

APN/PARCEL ID

R257209

ASK ABOUT THIS PROPERTY

Cameron SchwabKW CommercialMore Info
503-451-0745

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Cameron SchwabKW CommercialMore Info
503-451-0745

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