519 21St AvePortland, OR 97209

For Sale
$1,380,000

Prime 2,440 SF Vacant Retail Space

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 2,440 square foot retail property, located at 519 NW 21st Ave in Portland, Oregon, presents a unique investment opportunity. Built in 1927 and situated on a 0.06-acre lot, the property boasts a brand new, never-used interior with a high-end buildout. Premium materials, soundproof doors, and walls create a sophisticated and quiet environment. The space is currently vacant and available for lease under a NNN lease structure. The asking price is $1,380,000, translating to $565.57 per square foot. Zoned CS, this property benefits from its prime location on 21st Avenue, near NW Glisan Street, ensuring high foot traffic and visibility. The area's commercial vitality and limited availability of comparable properties (only 12 sold since January 1, 2022) highlight the exceptional nature of this investment. The property's address is 519 NW 21st Ave, Portland, OR 97209, within Multnomah County. This is a rare chance to acquire a meticulously renovated retail space in a highly sought-after Portland neighborhood. The property's superior build-out and location make it ideal for a variety of retail uses.

Highlights

  • Prime location on 21st Avenue, near NW Glisan Street, offering high foot traffic and vehicle visibility.
  • Brand new, high-end interior featuring premium materials and soundproof construction.
  • Rare investment opportunity; only 12 comparable properties sold in the NW submarket since January 1, 2022.

Property Details for 519 21St Ave

Property type
Other retail properties, Retail properties
Square Feet
2,440 SF
Year Built
1927
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5267345
Longitude
-122.6946618
519 21St Ave, Portland, Oregon

FAQs

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519 21St Ave
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