Stadium Retail

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1972 W Burnside Street, Portland , OR 97209
Stadium Retail
Rare High-Density Development or Owner-User Opportunity Adjacent to Providence Park

The Offering is a partially occupied retail building on a 19,200 square foot lot adjacent to Providence Park. The property, being 59% occupied by Next Level Burger and Wells Fargo on an oversized lot, provides for three different purchase scenarios: 1) a developer can put little additional investment to lease the vacant spaces as is for a covered land play; 2) an owner-user can occupy the vacant space, having two great tenants to offset the occupancy cost; 3) an investor can re-tenant the vacant spaces and have a high quality retail investment with frontage on two major thoroughfares next to Providence Park. For a developer, the site is zoned Central Commercial (CX), which is a high-density commercial zone that allows the tallest buildings in all commercial/mixed-use zones, and allows for retail, office and, multifamily uses. A 50-yard line location, the Offering works well for any of the three groups: owner-user, value-add investor, or developer.
Michael Kapnick
Senior Broker (Commercial)
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