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4550 N Interstate Ave - Portland, OR 97217

6,639 SF Former Bank Building directly on MAX Light Rail Line | Portland, OR

Listing Contacts

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Active

Asking Price: $2,500,000
Address 

4550 N Interstate Ave, Portland, OR 97217

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Date Added
Feb 6, 2025
Days on Market
37 days
Time Since Last Update
37 days

Details

Property TypeRetail
SubtypeBank, QSR/Fast Food, Storefront
Investment TypeOwner/User
ClassC
Square Footage6,639
Net Rentable (sq ft)6,639
Units1
Year Built1964
Buildings1
Stories2
ZoningCM3 (Commercial Mixed Use 3)
Lot Size (sq ft)18,700
Parking (spaces)14

Marketing Description

Owner / user opportunity or potential re-development site with favorable zoning and development options available.​

Extremely high visibility - located on the SE corner at N Interstate Ave and N Going Street, this former bank building is along the popular N/S-bound MAX yellow line, with a major stop right out front.​ Popular neighbors that drive this high traffic area include Taco Bell and Plaid Pantry - located at the same signalized intersection.​

The property includes a 2 story building (main and basement), 14-stall parking lot, drive-thru and two (2) monument signs.​ Development opportunity offers a 3.0 FAR and Commercial Mixed-Use 3 (CM3) zoning - allowing up to 56,100 SF of retail, office or multi-family.​

Investment Highlights

  • CM3 (Commercial Mixed Use 3) Allows for Retail, Office & Multi-Family

  • FAR: 3.0 / 56,100 SF of Development Allowed

  • On-Site Surface Parking Lot: 14 Spaces

  • Drive-Thru with 1 Lane - Perfect QSR Opportunity

  • Located on main Portland Arterial (N Interstate Ave)

  • 24,200 Average Daily Traffic (N Interstate Ave @ N Going St)

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Due Diligence

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Listing Contacts

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