21st

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21st

Portland, OR 97202
Asking Price
$4.75M
Asset Type
Retail
Class
Class B

What's Special

Located on 21st Avenue in Northwest Portland, this retail opportunity sits within the high-traffic Alphabet District. This established neighborhood is characterized by a mix of historic architecture, residential density, and active storefronts. The property is situated among local boutiques, regional dining establishments, and grocery anchors. The area is well-served by public transportation, including multiple Portland Streetcar stops and bus lines, and maintains high walkability and bikeability scores. The site is suited for retail businesses seeking visibility in a district with consistent daytime and evening foot traffic. Ideal use cases include specialty apparel, service-oriented retail, or small-scale food and beverage concepts. Typical tenants in this corridor include independent local brands and established regional retailers looking to capture the neighborhood’s mix of local residents and destination shoppers.

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NOI
$80,000
Cap Rate
1.68%
DSCR
0.28
Underwater
Cash-on-Cash
-14.18%
Monthly Payment
$23,500.408
Annual Cash Flow
$-202,004.9

Location & Travel Times