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REDEVELOPMENT OPPORTUNITY FOR SALE 234-236 SE GRAND AVE.

LOCATION

234-236 SE Grand between SE Ash & SE Pine Streets - Portland OR 97214 AVAILABLE $4,000,000

LAND AREA 18,000 +/- SF Redevelopment Site

BUILDING AREA 9,000 +/- SF 1- Story 2 Tenant Building

TENANCIES 4500 +/- SF Vacant 4500 +/- SF Leased By PDX Hawk through Nov. 2021 PARKING

9000 +/- Surface Parking Lot – Approx. 30+/- Spaces FEATURES

YEAR BUILT: 1925

CONSTRUCTION TYPE: Reinforced Concrete / Store Front Windows / Built Up Roof Over Timber Beams.

FAR: *6:1 \ HEIGHT LIMIT: *100’

ZONING: EXD City Of Portland, Uses Include: Residential / Retail Sale & Services / Office / Light Industrial Uses

WALK SCORE: 81 VERY WALKABLE

TRANSIT SCORE: 88 EXCELLENT

DON DRAKE 503.546.4527 [email protected] Back on the Market Licensed in Oregon | MELVIN MARK BROKERAGE CO.

111 SOUTHWEST COLUMBIA | PORTLAND, OREGON 97201 | P: 503.223.9203 | F: 503.223.4604 | MELVINMARK.COM

All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. REDEVELOPMENT OPPORTUNITY FOR SALE 234-236 SE GRAND AVE.

LOCATION | 234-236 SE GRAND Lloyd Center Legacy Moda Hospitol The property is in the heart of Portland’s burgeoning Central Eastside Center Industrial District. It is suitable for residential / retail / office /hospitality / hotel or mixed use redevelopment. Oregon Convention Great & quick access to downtown CBD, Lloyd Center and freeways. Center Spirit of Surrounded by numerous local retailers and boutiques, including 77 breweries, wine vendors, coffee shops, and cafes & restaurants, the

Central Eastside offers an array of amenities for any company or Doug development. Fir Lounge Jupiter 234-236 SE Hotel The Central Eastside district is predominantly employment oriented with GRAND AVE. Marukin Ramen J&M Evo Portland Cafe traditional and new industrial businesses surrounding a core of mixed East Bank Nicholas Esplanade Base Camp Brewing Produce Coopers Next commercial, retail and residential buildings along Grand and MLK. Row Hall Adventure

Olympia This growing neighborhood is an eclectic mix of older warehouse and Provisions Bithouse Loyal Legion industrial buildings, coupled with historic redevelopment and new Pub Boke Bowl ground up structures being developed for creative office space and Bunk Bar Taylor Railworks Water Ave. Coffee mid-rise residential with retail storefronts for tenants seeking a close 1 Mi 3 Mi in urban location. POPULATION 21,677 211,922

Collection Street Cross Street Traffic Vol. Year Distance HOUSEHOLDS 11,9987 106,868 SE 6th Ave. SE Ash St. S. 570 2015 0.06 AVG. AGE 39.00 38.50 SE Ankeny St. SE 7th-6th Ave. 2,139 2015 0.10 MEDIAN HOUSEHOLD INCOME $41,395 $64,851 SE Ankeny St. SE 7th-6th Ave. 2,781 2010 0.10 DAYTIME EMPLOYEES 95,948 279,343 SE Grand Ave. E Burnside St. S. 30,435 2015 0.11 SE Grand Ave. E Burnside St. N. 28,247 2012 0.11 POP. GROWTH ‘17-’22 +7.4% +6.7%

Made with TrafficMetrix® Products HOUSEHOLD GROWTH ‘17-’22 +7.8% +6.9%

DON DRAKE 503.546.4527 Back on the Market [email protected] Licensed in Oregon | MELVIN MARK BROKERAGE CO.

111 SOUTHWEST COLUMBIA | PORTLAND, OREGON 97201 | P: 503.223.9203 | F: 503.223.4604 | MELVINMARK.COM

All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. REDEVELOPMENT OPPORTUNITY FOR SALE 234-236 SE GRAND AVE.

COMPARABLE LAND/REDEVELOPMENT SALES

20 NE 14th 518 NE 20 915 SE Belmont 419 E Burnside 2502 SE 29th 1250 NW 9th 350 NW 12 234-236 Portland, OR Portland, OR Portland, OR Portland, OR. Portland, OR. Portland, OR. Portland, OR Portland, OR. Lloyd District Lloyd District Central Eastside Central Eastside SE Close in Pearl District Pearl District Central Eastside

BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER Division 29 Holdings Alliance Residential Lennar Multifamily Killian Pacific TRG Development Path Construction Miller Global Solterra TRG Development

DATE DATE DATE DATE DATE DATE DATE DATE 3.27.17 2.9.17 2.1.16 7.1.15 9.28.16 9.12.17 3.25.16 TBD

LAND A/C LAND A/C LAND A/C LAND A/C LAND A/C LAND A/C LAND A/C LAND A/C .87 .84 .43 .31 .23 .80 .23 .46

LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF LAND PRICE / SF $237 $217 $239 $205 $205 $213 $574 TBD

ZONING ZONING ZONING ZONING ZONING ZONING ZONING ZONING CS EXD C2 EXD CS EXD EX EXD

FAR FAR FAR FAR FAR FAR FAR FAR 3:1+Bonus 3:1+Bonus/Transfer 4:1+Bonus 9:1 3:1+Bonus 4:1+Bonus/Transfer 6:1+Bonus 6.1+Bonus

NOTES NOTES NOTES NOTES NOTES NOTES NOTES NOTES Demo Existing & New Demo Existing & Vacant Parking Lot Assemblage / Demo Demo Existing & New Vacant Lot Purchased Vacant Parking Lot Can be developed for Development New Development Purchased for Future New Existing & New Development New Office Mixed Use Purchased for Future New Residential / Office / Lgt. 4-Sty -50 units + retail 6-Sty -190 units 6-Sty -121 units + retail Mixed Use Development Development Under Development Mixed Use Development Ind. / ConstructionUse 8-Sty -220,000 SF Or Mixed Use Development

DON DRAKE 503.546.4527 Back on the Market [email protected] Licensed in Oregon | MELVIN MARK BROKERAGE CO.

111 SOUTHWEST COLUMBIA | PORTLAND, OREGON 97201 | P: 503.223.9203 | F: 503.223.4604 | MELVINMARK.COM

All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. REDEVELOPMENT OPPORTUNITY FOR SALE 234-236 SE GRAND AVE.

234-236 SE GRAND

234-236 SE GRAND

DON DRAKE 503.546.4527 Back on the Market [email protected] Licensed in Oregon | MELVIN MARK BROKERAGE CO.

111 SOUTHWEST COLUMBIA | PORTLAND, OREGON 97201 | P: 503.223.9203 | F: 503.223.4604 | MELVINMARK.COM

All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.