sale
NE 39th Avenue & NE Tillamook Street, Portland, Oregon • • •
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And with the new significant neighborhood retail and multifamily projects breathing new life and attracting educated, young, urban shoppers, this is an excellent opportunity to become part of this 20-minute living area in Hollywood.
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For more information:
Maria Duncan
503.546.4540
[email protected] 111 Southwest Columbia | Portland, Oregon 97201 | P: 503.223.9203 | F: 503.223.4606 | www.melvinmark.com
Property Description 15,000 SF of land in the desired and Hollywood District Price: $1,275,000 ($85/SF) Zoned CSD - Storefront commercial (include design overlay for mixed use, apartments or condominiums) Apartments, condos, office, retail, medical or mixed use development site with FAR 4:1 Close to multiple bus lines, MAX light rail and Hollywood Transit Center Convenient access to I-84 via NE 39th Avenue and NE Sandy Boulevard Next to award-winning Hollywood Library, new Beverly Condominiums/Whole Foods project Developer-ready, ATM will be removed upon a sale
100’
100’ 50’
LOCATION
25’
NE 39th Avenue & NE Tillamook Street, Portland, Oregon The Hollywood District has a rich history as a commercial hub. It is well served by mass transit including light rail and bus lines. The demographics of the surrounding residential neighborhoods, as well as the visibility and ease of access make this a prime location.
the heart of hollywood
50’
sale
for
the heart of hollywood
25’
for
For more information: Maria Duncan
503.546.4540
[email protected] 111 Southwest Columbia | Portland, Oregon 97201 | P: 503.223.9203 | F: 503.223.4606 | www.melvinmark.com
redevelopment opportunity in the heart of hollywood NE 39th Avenue & NE Tillamook Street, Portland, Oregon Area Demographics The NE 39th and Tillamook site, located in the growing Hollywood District of Northeast Portland, presents an exciting opportunity for the development of an office, medical, retail or mixed-use project that will join other recent developments including: Whole Foods, The Beverly Condominiums, Chase Bank, Trader Joe’s, 24-Hour Fitness and Providence Health Systems. Average housing values in this area are $434,139 with sixty-eight percent (68%) of those household containing one to two residents. Population (2011) Population (2016) Households (2011) Households (2016) Median HH Income (2011)
1 Mile 18,232 18,591 7,993 8,209 $83,355
3 Miles 145,655 153,006 63,299 67,135 $61,701
5 Mile 312,759 330,640 139,290 149,071 $58,576
Hollywood Farmer’s Market
Hollywood Transit Center All information should be verified prior to purchase or lease. No warranty is expressed or implied by this offering. A buyer should independently investigate all physical aspects of the development related to its site, building construction, mechanical and other building systems, environmental condition, zoning and
allowable uses and future development as applicable as well as income and expense associated with the property.