2811 181St AvePortland, OR 97230

Property Details for 2811 181St Ave

Year built

2019

Lot size

1.99 AC

Property size (Sq ft)

57,502 SF

Zone code

BP

Property type

Hotels

APN

1N3E30A 00604

APU

1N3E30A00604

Description

This exceptional 56,467 square foot commercial outparcel presents a remarkable investment opportunity in Portland, Oregon. Strategically located at the intersection of Interstate 84 and NE 181st Avenue, this property boasts unparalleled visibility and accessibility. Its prime location within a high-employment area ensures a robust customer base. The site is ideally suited for drive-thru retail development, capitalizing on the significant traffic flow along I-84 and NE 181st Avenue. Nearby major employers include the US Bank Columbia Center, Albertsons Distribution and Support Center, John Deere Distribution Center, Grocery Outlet Distribution Center, and Boeing, providing a substantial pool of potential customers. The surrounding area also features established retailers such as McDonald's, Burger King, and 24 Hour Fitness, further enhancing the site's desirability and potential for success. This property in Multnomah County, Oregon, offers a unique chance to establish a thriving business in a dynamic and rapidly growing market. The address is 2811 NE 181st Ave, Portland, OR 97230. This is a for-sale opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $17,938,782

  6.5%

  $16,558,877

  7%

  $15,376,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,023,278

  Geo Method

  $26,023,278

• Alternative Use

  Use

  Valuation

  Residential

  $18,077,482

  Hospitality

  $16,558,877

  Educational

  $13,776,791

  Medical

  $14,250,596

  Retail

  $21,430,564

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5436

Longitude

-122.479

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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