1900 5Th AvePortland, OR 97201

Property Details for 1900 5Th Ave

Year built

1963

Lot size

0.46 AC

Property size (Sq ft)

7,240 SF

Zone code

RXD

Property type

Office properties

Property subtype

Other office properties

APN

1S1E03CB 03300

APU

1S1E03CB03300

Description

This exceptional 9,226 square foot commercial property, situated at 1900 SW 5th Ave, offers a unique opportunity in Portland's vibrant University District. The building, constructed in 1963 and classified as Class B, features a single-tenant occupancy across two stories. The main level offers 6,777 square feet of adaptable space, ideal for retail, service, or office use. Large display windows provide excellent street visibility along SW 5th Ave, maximizing exposure to the high foot traffic of the area. In addition to the main level, there is also 1,120 square feet of basement space and 1,329 square feet on the upper floor, offering potential for expansion or specialized use. The property boasts ample off-street parking with 32 spaces, a significant advantage in this location. Its proximity to Portland State University and the abundance of nearby restaurants and retailers create a highly desirable environment. The CX zoning allows for a variety of uses. The building's convenient location provides easy access to freeways and public transportation, enhancing its appeal to both businesses and employees. This amenity-rich area is surrounded by multi-family and student housing, ensuring a consistent flow of potential customers. The lease rate is $25 per square foot, plus NNN charges. The property is available now.

• CAP approach

  CAP return

  Valuation

  6%

  $1,988,538

  6.5%

  $1,835,574

  7%

  $1,704,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,394,279

  Geo Method

  $1,394,279

• Alternative Use

  Use

  Valuation

  Residential

  $2,276,112

  Hospitality

  $2,084,906

  Educational

  $1,734,617

  Medical

  $1,794,274

  Retail

  $2,698,294

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5097

Longitude

-122.682

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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