CHEN BUILDING

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

Numbers

CHEN BUILDING | PORTLAND, OR THE

NOI: $000,000

SCENARIO 1* RENT GUARANTEE: 2 YEARS IN-LINE SPACE

Rent Guarantee (2 Years) $114,074.40

SCENARIO 1*

SCENARIO 2**

Financing

*Sq footage of units and building are approximated estimates. Buyer to verify measurements and due diligence materials."

THE SUBJECT PROPERTY SITS IN PORTLAND’S NIGHTLIFE DISTRICT

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

CHEN BUILDING | PORTLAND, OR THE DETAILS

9,500 SF BUILDING | 4,750 SF LAND

Are 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

25+

HEADQUARTERS $5M+

EMPLOYEES

REVENUE

PORTLAND, OR

3,776+ VPD W GLISAN

21,423+ VPD W BURNSIDE

BURNSIDE BRIDGE

5 Mile Radius

3 Mile Radius

AREA: 3.1

8.225%

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.

Demographics

21,423+ VPD AT W BURNSIDE

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

Demographic and traffic count data: © CoStar Realty Information, Inc. 2021 Other population data from: https://worldpopulationreview.com/us-cities/Portland-or-population, https://worldpopulationreview.com/us-counties/or/multnomah-county-population