140 NW 4th Ave - Storefront Retail/Office FOR SALE
Portland, OR 97209 |
$6,400,000 USD
503-222-2655
140 NW 4th Ave
Portland, OR 97209
HIGHLIGHTS
- Great Owner/User Opportunity with In-Place Income
- Property Has Had Extensive Renovations, Including A New Roof
- Second Floor Is Entirely Leased To National Credit Tenant
- Old Town Chinatown Has Long Been A Creative and Vibrant Community of Makers and Doers
- Cultural Hub for the City's Asian American Community, with a Particular Focus on Chinese Heritage
OVERVIEW
Significant Old Town Chinatown Building Opportunity
Owner/User or Investment • In-place Income
Building Size: ±33,692 SF
Lot Size: ±0.3 Acres (±13,000 SF)
Partial Owner/User or Lease Space: ±6,295 SF
Zoning: Central Commercial (CX)
FAR: 6:1
Height Limit: 100'
Sale Price: $6,400,000 ($190 psf)
Actual NOI @ 76% Leased: $397,828
Actual CAP @ 76% Leased: 6.22%
Proforma NOI: $540,000
Proforma CAP: 8.50%
FOR SALE DETAILS
PRICE
$6,400,000 USD
PRICE/SF
$190 USD /SF
CAP RATE
6.22%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tuck Lung Building
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Medical
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
CX
APN/PARCEL ID
R140407
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503-222-2655
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503-222-2655
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