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Shopping Strip

Ventuno Strada

305 NW 21st Ave, Portland, OR 97209

Listing Price: $6,495,000

Cap Rate
6.07%
Gross SF
19,284
Rentable SF
18,683
Price/Gross SF
$336.81
Lot Size
0.23 acres
Year Built
1928

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale Ventuno Strada located in Portland, OR. Ventuno Strada is an eight-suite retail property positioned on the corner of NW 21st Avenue and NW Everett Street. The subject property has a mix of retail tenants including restaurants, bars, salons, a dance studio, and a tech company. The property has been well maintained by the current ownership who has done numerous capital expenditure improvements such as a seismic upgrade to the roof diaphragm including a TPO roof, skylights, and installing new AC units. Northwest Portland is one of the most desirable neighborhoods in the area for its historic charm and central location. This area is filled with local boutiques and big-brand stores, stylish bistros/restaurants, and service retailers. The subject property is located two blocks from NW 23rd Avenue which is Portland’s best known shopping street. It is a popular destination for both locals and tourists given it is pedestrian friendly and extremely walkable.

Investment Highlights

  • Prime Location in Northwest Portland
  • Positioned on the Corner of a Signalized Intersection
  • Walk Score: 99 "Walker's Paradise"
  • Zoned Commercial Mixed Use 2 (CM2)
  • Located Near Popular Retailers and Restaurants
  • Covered Outdoor Patio Seating
  • Partial Seismic Upgrade with New Roof Diaphragm

Exclusively Listed By

Listing Price: $6,495,000

Cap Rate
6.07%
Gross SF
19,284
Rentable SF
18,683
Price/Gross SF
$336.81
Lot Size
0.23 acres
Year Built
1928

Investment Highlights

  • Prime Location in Northwest Portland
  • Positioned on the Corner of a Signalized Intersection
  • Walk Score: 99 "Walker's Paradise"
  • Zoned Commercial Mixed Use 2 (CM2)
  • Located Near Popular Retailers and Restaurants
  • Covered Outdoor Patio Seating
  • Partial Seismic Upgrade with New Roof Diaphragm

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale Ventuno Strada located in Portland, OR. Ventuno Strada is an eight-suite retail property positioned on the corner of NW 21st Avenue and NW Everett Street. The subject property has a mix of retail tenants including restaurants, bars, salons, a dance studio, and a tech company. The property has been well maintained by the current ownership who has done numerous capital expenditure improvements such as a seismic upgrade to the roof diaphragm including a TPO roof, skylights, and installing new AC units. Northwest Portland is one of the most desirable neighborhoods in the area for its historic charm and central location. This area is filled with local boutiques and big-brand stores, stylish bistros/restaurants, and service retailers. The subject property is located two blocks from NW 23rd Avenue which is Portland’s best known shopping street. It is a popular destination for both locals and tourists given it is pedestrian friendly and extremely walkable.

Exclusively Listed By

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