This is a Rare Mix-Use commercial ground lease opportunity on a 5,000 sq ft CM2-zoned property
North Portland's most active commercial corridor
Paved Off-street parking
Updated 3drm/2 ba, updated electrical for food cart and festoon lighting plug-ins
Mississippi Avenue is one of Portland's most walkable & amp; commercially active corridors
Strong daily pedestrian & vehicle traffic providing excellent business visibility, dense mix of cafes,
restaurants, retail, galleries & music venues Property fronting onto N Mississippi Ave
The property is ideal for:
*Flexible Live/Work
*Food Cart (subject to Multnomah County Health and permitting requirements)
*Offices, Professional Services
*Creative Studios and Business
*Entrepreneur seeking high-visibility space
*Retail sales and Services
Subject to City of Portland permitting requirements for Signage, structural modifications
Lease Terms
Base Rent: $3,250/month (property taxes, insurance, management fee, landscaping), $500 cleaning (non-refundable)
Security Deposit $1850
Additional $400/month for food cart space and/or extension of the business that uses the courtyard as a part of the business operations available together or structured as a combined commercial concept
Lease Type: Property taxes, insurance, management fee, landscaping are included in base rent. Tenant is responsible for all utilities.
Initial Term: 18 months or 2-3 yrs, with renewal options
Pets- 1 dog/cat 20lbs or less and no aggressive breed- $60 monthly and $500 deposit
Total Due at Signing (doesn't include pet expenses) $5,600
House + Food Cart Pad + Extended External Business + Security Deposit +Cleaning fee
Total Due at Signing (doesn't include pet expenses) $6,000
Tenant Requirements
Prospective tenants should be prepared to provide the following:
• Commercial general liability insurance of $1,500.000 per occurrence, naming the Landlord as additional insured
• A personal guaranty from the tenant's authorized principal
• Evidence of applicable business licenses and Multnomah County food cart permits (if operating the pad)
For more information or to schedule a showing, please contact:
TLC Rental Management LLC | tlcrentalinfo@gmail.com or Call: 503-793-2970
