26-32 NW 4th Ave

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION.

Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.All potential purchasers must take appropriate measures to verify all of the information set forth herein.

THIS NEIGHBORHOOD HOSTS THE LARGEST LUNAR NEW YEAR CELEBRATION IN THE PNW. A GLOBAL CULTURAL EVENT CELEBRATED BY 1.5B+ ANNUALLY

BENEVOLENT ASSOCIATION BLDG | PORTLAND, OR THE SYNOPSIS

$ 1,955,000 | $205 PSF

$1,955,000

$205 PSF | 9,500 SF

BENEVOLENT ASSOCIATION BLDG

26-32 NW 4TH AVE • PORTLAND, OR 97209

Building (s) . . . 9,500 SF

Land . . . 4,750 SF

Acres . . . 0.11 AC

Year Built . . . 1890/1970

Zoning . . . Commercial: 148

Event Space . . . 3,000 sf

Residential . . . 9 SRO units w/ central Kitchen

Parking . . . Street

Use. . . Mixed-Use: Event Space/ SRO

Major Tenants . . . SHAKE BAR (Nightclub)

Mixed-Use Asset

3,000 sf of event space, currently operating as SHAKE BAR (nightclub) and crowned with 9 Single-Room-Occupancy units with a shared kitchen.

The Vibe

An engaging mix of Historic Portland, Iconic Culture, and Modern Nightlife. This area of the city draws in the energetic youthful carefree nightlife that calls Portland home. 8.224% Population growth is forecasted for the 1 mile radius of this location.

Old Town Chinatown Nightlife District

Boasting 10 dance venues within it’s 10 city block spread, Old Town Chinatown is the Vibrant Nightlife District of a very colorful city.

1 Block from Prominent Retail Corridor

Strong national and regional retaiers line NW Burnside St. Most notable retail includes: Powell’s City of Books, Voodoo Donught, Patagonia, Dr. Martin’s, Buffalo Exchange, Whole Foods, Vans, , and of course, the Mcmenamins Ringler’s Pub, Crystal Ballroom, & Crystal Hotel.

High Employment + Healthy Consumer Spending

The Mixed-Use, Multi-Tenant Building is just 7 minute drive from Oregon Health + Science University (Portland's 2nd largest employer, with 21,000 staff). Within the 5 mile radius of this location annual consumer spending is $12B with 5 year forcasted increase to $13B.

Highly Visible

Great visibility and signage with direct line of sight through Portland’s Chinatown Gateway to W Burnside & exposure to 21,423+ VPD.

9,500 SF MIXED-USE (EVENT SPACE + SRO UNITS)

INVESTMENT ON 4,570SF LOT

BENEVOLENT ASSOCIATION BLDG | PORTLAND, OR THE NUMBERS

VALUATION

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LIST PRICE $1,955,000

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TOTAL ANNUAL INCOME: $73,920

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THE SUBJECT PROPERTY SITS IN PORTLAND’S NIGHTLIFE DISTRICT

+ IS HOME TO SHAKE BAR NIGHTCLUB WITH $5M ANNUAL REVENUE

BENEVOLENT ASSOCIATION BLDG | PORTLAND, OR THE DETAILS

9,500 SF BUILDING | 4,750 SF LAND

AREA DATA

OLD TOWN CHINATOWN IS PORTLAND’S NIGHTLIFE DISTRICT, AND IT BOASTS THE DENSEST CONCENTRATION OF DANCE CLUBS. 10 DANCE VENUES WITHIN THE 10 CITY BLOCKS.

AVERAGE VISITS*

ANNUAL: 446,271

MONTHLY: 37,189

WEEKLY: 9,297

DAILY: 1,328

SHAKE BAR

Shake Bar is Portland’s Hottest dance club in Chinatown! It’s affordable luxury in a prime party location. Energetic, neon-hued nightclub with a variety of DJs, dancing, bottle service & a full bar.

LOCATION

1 FOUNDED

2017

PRIVATELY OWNED

HEADQUARTERS $5M+

REVENUE EMPLOYEES

PORTLAND, OR

TENANT PROFILE: SHAKE BAR

3,776+ VPD W GLISAN

21,423+ VPD W BURNSIDE

BURNSIDE BRIDGE

5 MILE RADIUS

5 YR PROJECTED POPULATION GROWTH: 2.941%

TRADE AREA: 78.5 SQUARE MILES

HOUSEHOLDS WORKDAY POPULATION HH INCOME

3 MILE RADIUS

5 YR PROJECTED POPULATION GROWTH: 4.805%

TRADE AREA: 28.3 SQUARE MILES

347,397 $131.7K

HOUSEHOLDS WORKDAY POPULATION HH INCOME

1 MILE RADIUS

5 YR PROJECTED POPULATION GROWTH: 8.225%

TRADE AREA: 3.1 SQUARE MILES

140,047

HOUSEHOLDS WORKDAY POPULATION

Trade Area Demographic Data + Growth Projections: © AlphaMap.com 2023

ABOUT PORTLAND, OR

Portland, the largest city in Oregon, is an attractive location for businesses seeking to expand. Nestled between the picturesque Columbia and Willamette rivers, with majestic Mount Hood in the background, Portland boasts a thriving economy with strengths in industries such as athletics & outdoor, technology, manufacturing, and green city services and technologies. Its efficient transportation options include nationally ranked PDX airport, light rail, and bike/walk alternatives, making it easy for businesses to connect with the rest of the city. With projections for employed population and median household income growth being 1.64% and 3.03%, respectively, Portland is ranked number 17 on Forbes’ list of America’s Fastest-Growing Cities in 2018. Portland is known for its green spaces, eco-friendliness, microbreweries and coffeehouses, cultural amenities, year-round recreational access, and opportunities for growth. The booming growth has allowed for a significant uptick of construction, both commercial and residential, within Multnomah County.

Old Town Chinatown is the city’s oldest neighborhood, and is filled with surprises. From authentic Chinese restaurants, tea houses, and a cityblock-sized traditional garden, Portland’s original downtown is a bustling entertainment district and street-wear shopping hub. Read on for our favorite things to do and see in Portland’s historic Old Town Chinatown.

Burnside Bridge

Winter Light Festival

Image: eaterPDX

Image: en.wikipedia.org

The White Stag Sign

Image: wikimedia.org

20 BENEVOLENT ASSOCIATION BLDG

21,423+

3,776+ VPD AT W GLISAN

WALKSCORE: 99 (WALKER’S PARADISE)

BIKESCORE: 99 (BIKER’S PARADISE)

TRANSITSCORE: 94 (RIDER’S PARADISE)

AIRPORT: 21 MIN DRIVE TO (PDX)

PORTLAND INTERNATIONAL AIRPORT