122 122Nd AvePortland, OR 97233

Property Details for 122 122Nd Ave

Year built

1966

Lot size

4.85 AC

Property size (Sq ft)

51,994 SF

Zone code

CS

Property type

Automotive properties

APN

1N2E35CB 03300

APU

1N2E35CB03300

Description

This exceptional retail opportunity is located at the Midway Plaza Shopping Center in Portland, Oregon, within Multnomah County. The property, situated at the intersection of 122nd and Division, offers a total of 7,788 square feet of retail space, currently featuring 7,248 square feet available for lease. This presents a significant chance for a business seeking substantial space in a well-established shopping center. The property's classification is a multi-tenant shopping center, indicating a vibrant and potentially synergistic environment for various retail ventures. The address is conveniently located in the 97233 zip code of Portland, Oregon. The substantial vacant space offers considerable flexibility for a variety of retail concepts, allowing for customization to meet specific business needs. This prime location provides excellent visibility and accessibility, making it an ideal spot to establish or expand a retail operation. The property's size and location within a shopping center suggest strong potential for attracting a significant customer base. Serious inquiries are encouraged to explore this promising retail investment opportunity. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a large, well-located retail space in a thriving Portland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $20,992,588

  6.5%

  $19,377,774

  7%

  $17,993,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,232,772

  Geo Method

  $25,232,772

• Alternative Use

  Use

  Valuation

  Residential

  $16,345,877

  Hospitality

  $14,972,735

  Educational

  $12,457,140

  Medical

  $12,885,560

  Retail

  $19,377,774

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.524

Longitude

-122.536

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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