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Urban-High Street

The Towne Crier Building

4513-4517 SE 41st Ave, Portland, OR 97202

Listing Price: $1,880,000

Cap Rate
7.01%
Gross SF
6,996
Rentable SF
6,996
Price/Gross SF
$268.72
Lot Size
0.17 acres
Year Built
1927

Investment Overview

The Towne Crier building was originally built in 1927 and underwent major renovations in the 1950’s when Ye Olde Town Crier, a midlevel themed restaurant moved in. Recently rechristened as The Towne Crier Building, 4513-4517 SE 41st Avenue, Portland Oregon is now home to Keeper Coffee Company, Wyrd Leatherworks & Meadery, 13th Moon Gravity Well and two food carts. Situated in Southeast Portland, the building is two blocks from the retail corridor along SE Cesar Chavez Boulevard featuring Trader Joe’s, Walgreens, locally owned cafes and restaurants. The surrounding neighborhood features well manicured homes and is close to inner Portland. The Towne Crier Building offers an investor a high rate of stable, in place income while allowing for upside in below market rents. The buyer can choose to lease the 400 square foot attic office to one of the existing tenants or use it for themselves. The parcel is 7,600 square feet and zoned CM1, allowing for future mixed use development.

Investment Highlights

  • Stabilized 7% Cap Investment in Southeast Portland
  • Close to Downtown in a High Average Income Neighborhood
  • Long-Term Tenants on Multiyear NNN Leases

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Urban-High Street

The Towne Crier Building

Listing Price: $1,880,000

Cap Rate
7.01%
Gross SF
6,996
Rentable SF
6,996
Price/Gross SF
$268.72
Lot Size
0.17 acres
Year Built
1927

Investment Highlights

  • Stabilized 7% Cap Investment in Southeast Portland
  • Close to Downtown in a High Average Income Neighborhood
  • Long-Term Tenants on Multiyear NNN Leases

Investment Overview

The Towne Crier building was originally built in 1927 and underwent major renovations in the 1950’s when Ye Olde Town Crier, a midlevel themed restaurant moved in. Recently rechristened as The Towne Crier Building, 4513-4517 SE 41st Avenue, Portland Oregon is now home to Keeper Coffee Company, Wyrd Leatherworks & Meadery, 13th Moon Gravity Well and two food carts. Situated in Southeast Portland, the building is two blocks from the retail corridor along SE Cesar Chavez Boulevard featuring Trader Joe’s, Walgreens, locally owned cafes and restaurants. The surrounding neighborhood features well manicured homes and is close to inner Portland. The Towne Crier Building offers an investor a high rate of stable, in place income while allowing for upside in below market rents. The buyer can choose to lease the 400 square foot attic office to one of the existing tenants or use it for themselves. The parcel is 7,600 square feet and zoned CM1, allowing for future mixed use development.

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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