Prime Alberta Arts District Commercial Opportunity. Rare chance to acquire a large commercial property in one of Portland’s most vibrant corridors. The open-span shell features 20-foot ceilings and a 90' x 41' footprint, offering flexibility for a variety of uses. Potential highest and best use includes mixed-use development with residential units above retail, office, or food and beverage, including brewery or restaurant concepts. The corner lot provides 116 feet of frontage on Alberta Street, ensuring excellent visibility and strong foot traffic. CM2 zoning and limited nearby inventory further enhance the property’s long-term value in a submarket with consistently low retail vacancy and strong investor demand.
Listing Provided Courtesy of Dennis Kviz, UNIQUE REALT
General Information
211107369
MixedUse
39
DOM
CM2
Multnomah
R155475
Vernon 6/10
Vernon 6/10
Jefferson
Land
MixedUse
ELBERTA, BLOCK 3, LOT 1, N 33' OF LOT 2
Listing Provided Courtesy of Dennis Kviz, UNIQUE REALT
Krishna Realty data last checked: Apr 21, 2026 01:02 | Listing last modified Apr 20, 2026 18:28,
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Residence Information
No
Features and Utilities
Financial
521.37
0
Cash,Conventional
03-13-2026
No
No
Comparable Information
39
39
Cash,Conventional
$1,500,000
$1,500,000
Apr 20, 2026 18:28
Schools
public Elementary : Vernon
6/10Ratingspublic Middle : Vernon
6/10Ratings High : JeffersonN/ARatings
Prime Alberta Arts District Commercial Opportunity. Rare chance to acquire a large commercial property in one of Portland’s most vibrant corridors. The open-span shell features 20-foot ceilings and a 90' x 41' footprint, offering flexibility for a variety of uses. Potential highest and best use includes mixed-use development with residential units above retail, office, or food and beverage, including brewery or restaurant concepts. The corner lot provides 116 feet of frontage on Alberta Street, ensuring excellent visibility and strong foot traffic. CM2 zoning and limited nearby inventory further enhance the property’s long-term value in a submarket with consistently low retail vacancy and strong investor demand.
