For Sale
$1,101,000
721 21St Ave Portland, OR 97209
Prime location, high NOI, strong market.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Exceptional location in Portland's desirable Northwest District, on NW 21st Ave between NW Lovejoy and NW Glisan, offering high visibility in a vibrant retail corridor.
- Strong market performance with limited inventory; only 13 sales in the Northwest submarket since January 1, 2022, and just one in the past year, resulting in a 5.2% average cap rate.
- Favorable economic conditions, including a strong job market and easing inflation, contribute to a positive investment outlook.
Property Details for 721 21St Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,500 SF
- Year Built
- 1914
Location Insight
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Latitude
- 45.5281567
- Longitude
- -122.6947136
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime location, high NOI, strong market.
- Where is the retail property located?
- The property is located at 721 21St Ave Portland, OR.
- What is the asking price?
- The asking price for this property is $1,101,000.
- What are key features of this property?
- This property features: Exceptional location in Portland's desirable Northwest District, on NW 21st Ave between NW Lovejoy and NW Glisan, offering high visibility in a vibrant retail corridor.; Strong market performance with limited inventory; only 13 sales in the Northwest submarket since January 1, 2022, and just one in the past year, resulting in a 5.2% average cap rate.; Favorable economic conditions, including a strong job market and easing inflation, contribute to a positive investment outlook.
- How can I contact the broker?
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