1439 Halsey StPortland, OR 97232

Property Details for 1439 Halsey St

Year built

1997

Lot size

0.30 AC

Property size (Sq ft)

5,520 SF

Zone code

CXD

Property type

Turn key restaurants

APN

1N1E26DC 15400

APU

1N1E26DC15400

Description

This exceptional 5,523-square-foot commercial space, located in the vibrant Lloyd District of Portland, Oregon, presents a unique opportunity for a restaurant or retail business. The property boasts a prime corner location on NE Halsey Street, offering exceptional visibility and ample street frontage. The building features a striking brick exterior with bright awnings, plentiful windows, and exterior lighting, ensuring high visibility to potential customers. The space benefits from exclusive off-street parking, a significant advantage in this busy commercial area. Previously occupied by a full-service restaurant, the interior is fully built-out, offering significant square footage ideal for indoor dining or retail display. The large interior space allows for flexible layout options to suit various business needs. Abundant opportunities for signage further enhance the property's marketing potential. The Lloyd District is a bustling commercial hub, anchored by major venues such as the Oregon Convention Center and the Moda Center, which regularly host large events, guaranteeing high foot traffic and visibility. The property's proximity to the Lloyd Center Mall provides additional exposure to a large consumer base. This turnkey space is ready for immediate occupancy, offering a rare chance to establish a thriving business in a highly desirable location. The entire 5,523 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,228,701

  6.5%

  $2,057,262

  7%

  $1,910,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,678,865

  Geo Method

  $2,678,865

• Alternative Use

  Use

  Valuation

  Residential

  $1,735,378

  Hospitality

  $1,589,597

  Educational

  $1,322,526

  Medical

  $1,368,010

  Retail

  $2,057,262

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5338

Longitude

-122.651

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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