FOR SALE - 519-527 NW 21st AVE RETAIL BUILDING - LoopNet
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FOR SALE
RETAIL BUILDING
James Gillespie
519-527 NW 21st AVE
Stacey Rustad-Smith
Oregon Principal Broker Oregon Broker
(503) 890-5775 (360) 370-7027
jimgillespie@kw.com staceyrustadsmith@kw.com
Portland, Oregon
RETAIL BUILDING ON NW 21ST AVENUE
KW Commercial-Portland Central is pleased to offer the
opportunity to purchase the former restaurant/bar property on NW
21st between NW Glisan and NW Hoyt. This property is in the
famous Alphabet district of Northwest Portland. This property has
undergone an extensive environmental assessment and is in good
condition. The seller has invested time and money to get the
renovation of the property and the store front approved by the City
of Portland and the NW Neighborhood Association. The plans and
inspection are ready for your client to review.
519-527 NW 21ST AVENUE PORTLAND, OR
PROPERTY OVERVIEW ALPHABET DISTRICT
PROPERTY HIGHLIGHTS
• Former restaurant/bar
• Property has current building
permit for renovation and
storefront improvement
• Fantastic NW Portland Location
between NW Glisan and NW Hoyt
• Great retail location
• Property is currently in shell
condition awaiting new owners
PROPERTY OVERVIEW
Address 519-527 NW 21st Ave
The Northwest District is a densely populated neighborhood offering
Sale Price $995,000
an eclectic mix of bars, restaurants, boutiques, apartment buildings,
and condominiums. The location is located in a lively Available Now
neighborhood of NW Portland.
Zoning CS- Commercial Storefront
Located minutes from downtown Portland with close proximity to I-5
and I-405. The area is served by multiple Portland bus lines, and easily
accessed by bike.
519-527 NW 21ST AVENUE PORTLAND, OR
DEMOGRAPHICS
DINING DEMOGRAPHICS RETAIL
• Ken’s Artisan Bakery 1 Mile 3 Miles
• Urban Fondue • Bishops Barbershop
Population 42,319 145,709 • Pottery Barn
• Dick’s Kitchen NW
• Lucky Brand
• Laughing Planet Cafe Households 27,130 76,971
• MAC Cosmetics
• 23Hoyt
• prAna
Median HH $43,685 $53,555
• The Fireside • Trader Joes
• Southland Whiskey Kitchen income
• Cinema 21
• The Lompc Tavern Daytime 74,273 248,769 • City Market NW
• Pacific Pie Co. Employees • New Seasons
• McMenamins Tavern Pop. Growth ‘16- 7.5% 6.7% • Urban Outfitters
’21 • World Market
• Voicebox Karaoke
• Bastas Trattoria HH Growth ‘16-’21 7.7% 7.0%
519-527 NW 21ST AVENUE PORTLAND, OR
NORTHWEST PORTLAND
The Northwest District is one of Portland’s most affluent
neighborhoods. The area is full of local restaurants and boutique
shops. The neighborhood commands some of the highest rents in
Portland due to a combination of nearby amenities, close
proximity to downtown Portland employment centers, low crime
rates and high school ratings. The Northwest District is the 6th most
walkable neighborhood in Portland with a walk score of 93. The
property is located near great transit options like the Portland
Streetcar and 5 different TriMet bus stops less than a quarter of a
mile from the front door.
The neighborhood is gorgeous; vintage homes on every block;
peaceful parks; cute boutiques; busy breweries; fancy restaurants.
The property also has great attractions nearby such as
McMenamins Mission Theater, Pittock Mansion, Providence Park
Portland’s Rose & Japanese Gardens and more.
Walker’s Paradise
94 Daily errands do not require a car.
Walk Score
58
Good Transit
Many nearby public transportation options. 4 minute walk to
the Portland Street Car. Less than a mile away from the MAX
Transit Score
Blue Line & Red Line. 4 Nearby Bus Line Options.
Very Bikeable
85 Photos from left to right: Top row: Trader Joes; McMenamins Mission Theater; Forest Park
Bike Score 2nd row: Wallace Dog Park; New Seasons Market; The Fireside NW Portland
3rd row: Breakside Brewery - NW Slabtown; Providence Park; Blue Star Donuts
4th row: Couch Park; Salt & Straw; Pittock Mansion
519-527 NW 21ST AVENUE PORTLAND, OR
FORMWEST East Elevation 519-527 NW 21ST AVENUE PORTLAND, OR
POTENTIAL LAYOUT 519-527 NW 21ST AVENUE PORTLAND, OR
RETAIL BUILDING ON NW 21ST AVENUE
519-527 NW 21ST AVE, PORTLAND OR
Exclusively Listed By:
James Gillespie
Foundation Commercial Group
Oregon Principal Broker
503.890.5775
jimgillespie@kw.com
Confidentiality & Disclaimer:
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or
warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability,
financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or
information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active
conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for
a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate
third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and
consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or
assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/
or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and
governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with
an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney.
Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,
architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Chicago-O'Hare in compliance with all applicable fair housing and equal
opportunity laws.
KELLER WILLIAMS - PORTLAND CENTRAL
919 NE 19TH AVE, SUITE 100, PORTLAND, OR 97232
Each Office is independently owned and operated
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