4920 42Nd AvePortland, OR 97218

For Sale
$1,400,000

Portland Retail Space - High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • 4,664 SF Gross Building Area
  • 0.73-Acre Site (31,799 SF)
  • CM2 (Commercial Mixed Use 2) Zoning
  • 20-Space Parking Lot (4.29 spaces per 1,000 SF)
  • Single-Lane Drive-Thru, Ideal for QSR
  • 8,342 Average Daily Traffic Count (NE 42nd & Alberta)

Property Details for 4920 42Nd Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,664 SF
Class
C
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.558517609484
Longitude
-122.62040737698
4920 42Nd Ave, Portland, Oregon

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4920 42Nd Ave
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