Land For Sale
Marcus & Millichap has been selected to exclusively market for sale the Strohecker's site in the Southwest Hills of Portland. The 1.14 acre site is located within the Portland Heights neighborhood, one of the two neighborhoods that make up Southwest Hills. Southwest Hills sits above Downtown Portland and is known for its stately homes and is one of the oldest and most exclusive neighborhoods in Portland thanks to its views and proximity to downtown.
The site is well known as the former location of Strohecker's Grocery, which occupied the site from 1902 until it closed in early 2016. As a full-service retailer, offering a grocery, pharmacy, post office and extensive selection of wine in a wine cellar, the site had a reputation as a convenient all purpose destination. With the average household income in the 1 mile radius being over $155,000, and the upscale neighborhood being accustomed to a higher-end retailer in that location, a buyer can monopolize on the tradition of a the neighborhood having its own convenient, dedicated shopping district.
The zoning parameters for the site were recently changed to CM1, allowing a variety of commercial, residential and other uses at relatively low densities.