Block 33

125 NW 4th Ave, Portland, OR 97209

  • For Sale $11,000,000
  • Property Type VacantLand
  • Property Size 40,000 SF
  • Lot Size 40,000 SF
  • Additional Rent Contact for pricing
  • Date Updated Oct 24, 2024

• 40,000 SF, CX zoning full city block • Professionally managed parking lot operated by Parking NW • Located in the heart of Old Town Chinatown • Strong income in place via current parking lot revenue • 2024 budgeted NOI: $500,000 • Pro forma stabilized NOI: $700,000 • Parking revenue continues to increase as tourism trends back to pre-pandemic levels • Recently upzoned; height limit ranging from 125-200’ • Zoning allows for development of Retail, Office, Multifamily, or Mixed-Use, with FAR up to 15:1

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Contacts

broker

Tim Parker Is this you?

Melvin Mark

broker

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    92/100 Rider's Paradise
  • Bike Score ®

    99/100 Biker's Paradise
Powered by Walk Score ®
  • City Portland, OR
  • Neighborhood Old Town Portland - Chinatown
  • Zip Code 97209
  • Market Portland

Points of Interest

  • Northwest 5th & Couch

    0.03 miles

  • Union Station/Northwest 6th & Hoyt

    0.21 miles

  • Northwest 10th & Couch

    0.30 miles

  • Oak Street/Southwest 1st Avenue

    0.31 miles

  • Northwest 11th & Glisan

    0.39 miles

  • Southwest 10th & Alder

    0.41 miles

  • Northwest 10th & Johnson

    0.43 miles

  • Southwest 11th & Alder

    0.43 miles

  • Galleria/Southwest 10th Avenue

    0.44 miles

  • Northwest 11th & Johnson

    0.48 miles

  • Chevron

    0.09 miles

  • Blink

    0.38 miles

  • Tesla Supercharger

    0.48 miles

  • PGE Electric Avenue Downtown Portland

    0.57 miles

  • Shell

    0.77 miles

  • Pacific Pride

    0.88 miles

  • ChargePoint

    0.89 miles

  • Kwik-Gas

    0.93 miles

  • 76

    1.03 miles

  • Astro

    1.07 miles

  • City Center Parking

    0.00 miles

  • U-Park

    0.06 miles

  • PMC

    0.13 miles

  • Broadway Garage

    0.18 miles

  • Ace

    0.18 miles

  • SmartPark

    0.20 miles

  • the Hoxton

    0.06 miles

  • The Society

    0.07 miles

  • Embassy Suites

    0.15 miles

  • Courtyard

    0.22 miles

  • Harlow Hotel

    0.22 miles

  • Hampton

    0.24 miles

  • The Benson

    0.25 miles

  • Hotel Lucia

    0.27 miles

  • Marriott

    0.27 miles

  • Hotel Vintage

    0.29 miles

  • Charlie's Deli & Delivery

    0.04 miles

  • Chen's Good Taste

    0.06 miles

  • Republic Cafe

    0.06 miles

  • Golden Horse Seafood

    0.07 miles

  • Old Town Pizza

    0.09 miles

  • 5 Star Food

    0.10 miles

  • Lonesome's Pizza

    0.11 miles

  • Subway

    0.11 miles

  • Sushi Ichiban

    0.12 miles

  • Kasbah Moroccan Cafe

    0.12 miles

  • Pacific Northwest College of Art - Schnitzer Center

    0.25 miles

  • Portland Institute for Contemporary Art

    0.37 miles

  • Pacific University

    0.44 miles

  • Willamette University

    0.56 miles

  • NW Film Center

    0.59 miles

  • Cathedral School

    0.63 miles

  • Le Monde

    0.67 miles

  • Skybridge International

    0.69 miles

  • Lincoln High School

    0.84 miles

  • Saint Mary's Academy

    0.86 miles

  • Joyful Noise

    0.29 miles

  • Moda Tower Child Development Center

    0.39 miles

  • The Children's Garden

    0.59 miles

  • Saint James Child Development Center

    0.74 miles

  • KinderCare

    0.75 miles

  • MetroKids Playground

    0.77 miles

  • Chapman Elementary School @ The Ramona

    0.82 miles

  • Helen Gordon Child Development Center

    0.92 miles

  • Escuela Viva

    1.02 miles

  • Fruit & Flower

    1.24 miles

Frequently Asked Questions

How much does Block 33 cost?

The space currently listed for sale at Block 33 asks for $11,000,000.

What is the total square footage of Block 33?

Block 33 totals 40,000 square feet.

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