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Foster 5220 SE Foster Rd

1,231 SF Retail Building Portland, OR 97206 £625,178 (£508/SF)

Investment Highlights

  • High visibility
  • Public transport access(Bus Stop), heavy foot traffic day and night.
  • Popular for Eatries
  • Prime corner location
  • Ample Parking
  • Developmental potential due to zoning.

Executive Summary

1,231 SF building on a 0.24-acre corner lot, formerly an auto dealership. This is a high traffic and very high visibility area with day and night foot as well as vehicle traffic. The area is a busy commercial district which is densely populated with a variety of businesses all around it along with residential area too. There is great public transport available in the area with a bus stop right next to the property entrance on the North end. The area is popular for food carts and eateries due to the busy traffic around it. It would offer an idyllic location for any business catering to heavy foot and vehicular traffic which passes it on two sides of this triangular property. There is ample parking on the premises apart from street parking all around it. As per Portlandmaps.com; it is zoned CM2 which is a medium-scale, commercial mixed-use zone intended for sites in a variety of centers and corridors, in other mixed-use areas that are well served by frequent transit, or within larger areas zoned for multi-dwelling development, Specific allowable uses include: retail sales and services, office space, household living, vehicle repair, institutional uses and limited manufacturing uses. Buildings in this zone are generally expected to be up to four stories, except in locations where bonuses allow up to five stories. Max height can be between 45’-55’ which is up to 5 stories.
For specific zoning code details, visit the zoning code website . The regulations for this zone are found in Chapter 33.130 .

Property Facts

Sale Type
Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,231 SF
Building Class
C
Year Built
1957
Price
£625,178
Price Per SF
£508
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.23 AC
Zoning
CM-2 Portland - CM2 Portland is a medium-scale, commercial mixed-use zone intended for sites in a variety of centers and corridors, in other mixed-use areas.
Parking
40 Spaces (32.49 Spaces per 1,000 SF Leased)
Frontage
123 ft on SE Foster Rd

Amenities

  • Bus Route
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

La Bamba Mexican Restaurant
Natural Grocers
Dutch Bros
Trader Joe's
Orangetheory Fitness
Starbucks
Safeway
Little Big Burger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R105882
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£191,661 (2023)
  • Listing ID: 32613404

  • Date on Market: 29/07/2024

  • Last Updated:

  • Address: 5220 SE Foster Rd, Portland, OR 97206

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