2734-2738 Alberta StPortland, OR 97211

Property Details for 2734-2738 Alberta St

Year built

1917

Lot size

0.06 AC

Property size (Sq ft)

4,748 SF

Zone code

CSH

Property type

Retail space

APN

1N1E24BC 01800

APU

1N1E24BC01800

Description

This exceptional 2,500 square foot commercial lot is ideally situated in Portland, Oregon's vibrant Alberta Arts District at 2734-2738 NE Alberta St, zip code 97211. The property boasts a CM2 zoning designation, allowing for a diverse range of development opportunities. This includes retail, office space, residential units, and limited manufacturing, with potential for buildings up to four stories (or five with bonus provisions). The lot's location offers unparalleled access to public transportation, being situated directly on a TriMet bus line and a short distance from a popular bike boulevard. Its corner location ensures high visibility and accessibility. The surrounding area is thriving, featuring a rich mix of established businesses, including Pine State Biscuits, Great Notion Brewing, Euphoria Food, Wun Two barber, Lesley Evers clothing, Chilango Vegan Mexican, a food cart pod, Thicket Garden Center, The Knock Back, Le Chat Du Cafe, and Baerlic Beer Co., among many others. The CM2 zoning allows for a 2.5:1 Floor Area Ratio (FAR), increasing to 4:1 with bonus provisions. Parking requirements vary depending on the proposed use and proximity to transit. This presents a unique investment opportunity in a highly sought-after location with significant development potential. The asking price for this remarkable property is $495,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,917,006

  6.5%

  $1,769,544

  7%

  $1,643,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,304,212

  Geo Method

  $2,304,212

• Alternative Use

  Use

  Valuation

  Residential

  $1,492,676

  Hospitality

  $1,367,284

  Educational

  $1,137,564

  Medical

  $1,176,686

  Retail

  $1,769,544

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5589

Longitude

-122.637

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].