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1547 NE 40th Ave
Portland, OR 97232 Hollywood

$4,920,000 USD

Freestanding For Sale  •  6,357 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,577 SF
  • Lot Size 0.6 AC
  • Building Class B
  • Year Built 2001
  • Tenancy Multiple
  • Zoning CM2
68 Transit Score
95 Walk Score

Highlights

Fully Leased NNN Retail: Anchored by long-term tenants (FedEx, Sally Beauty), with new leases to LensCrafters and Best Mind Therapy.
Affluent, Dense Trade Area: 27K+ residents within 1 mile, $170K+ avg. income, $640K avg. home value.
Excellent Access & Visibility: Frontage on two major roads (45K+ VPD), near I-84 & Hollywood Transit Center. Rare on-site parking.
Trader Joe’s Adjacent: Next to top-performing Trader Joe’s (~1M annual visits), driving daily foot traffic.
Zoned for Future Mixed-Use: Over 0.5 acres with CM2 zoning—ideal for long-term redevelopment.

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
9 min - 3.9 mi
AirportDriveWalkDistance
Portland International 15 min - 5.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Kevin Adatto 952-356-0100 Northmarq
Kevin Adatto 952-356-0100 Northmarq