324 SE Grand Ave
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324 SE Grand Ave
18,000 SF Retail Building Portland, OR 97214 $4,000,000 ($222/SF)
Investment Highlights
- Huge Exposure on SE Grand; Great accessible core retail location with parking.
- Parking and ability to acquire adjacent properties
- Best Zoning in the city (EX) that allows many uses.
Executive Summary
Former and Iconic Andy & Bax Outdoor and Army Surplus store/property on SE Grand in the close in eastside. 18,000 sf with 9000 sf on street level and then very usable ramp served basement warehouse of 9000 sf. Also includes 8000 sf parking lot adjacent. 17,000 total land area. Great EX (General Employment Zoning). Excellent Exposure to over 25,000 vehicles a day. Grand frontage facade can be opened up with more windows. Additionally two adjacent properties can be acquired to increase overall site to 32,000 sf total. Great accessible location just south of E. Burnside Corridor with easy access to downtown core; Pearl District and freeways. Active and successful surrounding businesses such as Great Adventure; Miller Paint; Sheridan Produce; Grand Stark and KEX Hotels;Surbaru of Portland. Plenty of good complementary retail amenities; food/beverage Best restaurant in the city; Kann and great breakfast spot; J & M Cafe; yoga studio; grocery;hotels; This property provides excellent exposure and visibility for any sort of core retail use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,000 SF
Building Class
C
Year Built
1926
Price
$4,000,000
Price Per SF
$222
Tenancy
Single
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
1.01
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
EXD - General Employment (EX)which is one the best and most flexible zonings in the city that allows light industrial, retail and residential/multifamily.
Parking
20 Spaces (1.11 Spaces per 1,000 SF Leased)
Frontage
114 FT on Grand Ave
Amenities
- Bus Line
- Metro/Subway
- Pylon Sign
- Signage
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R150201 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $552,610 |
PROPERTY TAXES
Parcel Number
R150201
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$552,610
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324 SE Grand Ave
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