4920 42Nd AvePortland, OR 97218

Property Details for 4920 42Nd Ave

Year built

1980

Lot size

0.73 AC

Property size (Sq ft)

4,676 SF

Zone code

CGH

Property type

Office properties

APN

1N2E19BC 01600

APU

1N2E19BC01600

Description

This exceptional 4,664 square foot commercial building, situated on a 0.73-acre corner lot in Portland, Oregon (97218), presents a remarkable investment opportunity. Built in 1980, this single-story Class C property boasts a prime location at 4920 NE 42nd Ave, offering high visibility on a busy arterial with approximately 8,342 average daily traffic counts. The former bank building features a spacious lobby, open office space, service windows, a conference room, restrooms, and ample storage. The expansive lot includes 20 parking spaces and a drive-thru lane, making it ideal for a variety of uses, including quick-service restaurants (QSR). The CM2 Commercial Mixed Use zoning allows for diverse development possibilities. The asking price is $1,400,000, translating to $300.17 per square foot. This vacant property offers significant potential for owner-users or future development, capitalizing on its prominent location and versatile layout. The property's features include low-maintenance landscaping and monument signage. The substantial lot size (approximately 31,799 square feet) provides ample space for expansion or additional amenities. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Portland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,455,550

  6.5%

  $1,343,590

  7%

  $1,247,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $900,504

  Geo Method

  $900,504

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,773,390

  Retail / Commercial

  $1,397,090

  Mixed-Use / Specialty

  $1,372,330

  Hospitality / Lodging

  $981,094

  Institutional / Educational

  $1,419,610

  Residential Income

  $1,660,940

  Multifamily

  $2,101,660

  Automotive / Energy

  $1,216,810

  Parking / Income-Based Land

  $439,441

  Restaurant / Food Service

  $671,561

  Healthcare / Senior Housing

  $1,427,580

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5586

Longitude

-122.62

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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