Excellent Development Opportunity Downtown Portland

The Gasco Building

The Gasco Building is a rare opportunity to redevelop a building in the center of the bustling retail centric Central Business District. The property is located across the street from Nordstrom, and offers a glimpse into Portland’s historic charm with the added option for a Buyer to reinvent the building into a downtown Portland destination. Please contact broker for pricing guidance.

• Property Type: Retail / Office
• Year Built: 1911
• Building Size: ± 16,605 SF Total
• Lower Level: ± 6,923 SF (below grade)
• Ground Level: ± 5,000 SF
• Mezzanine: ± 1,227 SF (not included in total SF) Second Level: ± 4,682 SF
• Stories: 3 (not including mezzanine)
• Elevator: Served to all 3 levels
• Land Size: ± 5,000 SF / ± 0.11 AC
• Historic: Unranked Historic Resource Inventory
• Zoning: CX – Central Commercial
• Height: Max 460′
• FAR: 12:1 (3:1 bonusable)

Potential

The Gasco Building’s oversized structure of concrete and steel was originally designed to accommodate 10 additional stories. The property is the ideal opportunity for creating new modern office space, retail, entertainment, hotel, apartments or a mixture of everything in between.