6691 10000 - loopnet · portland s nob hill / alphabet district northwest neighborhood 1819 nw...

08.06.201908.06.2019

Value-Add Investment in Northwest PortlandZONED FOR SCHOOL, EVENT CENTER, RELIGIOUS, RETAIL, OFFICE• 36,691 SF on 20,000 SF LOT • ADJACENT 10,000 SF LOT INCLUDED

2839 SW 2nd Avenue, Portland OR, 97201Tel: 503.222.1655 - www.REIG.com

PORTLAND’S NOB HILL / ALPHABET DISTRICT

National Historic Register Property

NORTHWEST NEIGHBORHOOD CULTURAL CENTER1819 NW EVERETT ST, PORTLAND OR 97209

36,691 SF Building + 10,000 SF Lot

Nicholas G. [email protected]

George N. [email protected] 0 8 . 0 6 . 2 0 1 9

Licensed in OR & WA

HISTORIC REGISTERTWO (2) TAX LOTSRECENT IMPROVEMENTS29-SPACE PARKING LOT

The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

• Premier Historic Property with Adjacent Development Opportunity• 36,691 SF Building on 20,000 SF Lot• Adjacent 10,000 SF Lot (29 Parking Spaces)

• Historic Nob Hill / Alphabet District in NW Downtown Portland - Minutes to the Pearl and the CBD• Highly Walkable Location near Trimet Transit, Shopping, Restaurants, Housing Developments & Parks• Blocks to NW Burnside, Alphabet District Shopping, Multnomah Athletic Club, Providence Park

• Offering Comprises a Total 30,000 SF of Land Area• Value-Add Opportunity - CM2 Zoning: Office (Corporate HQ, Creative Multi-Tenant, Architect / Advertising) Event Space, Retail, Restaurant, Hotel, Religious, Educational & More

National Historic Investment Property & Land Opportunity in Northwest Portland

OFFICE BUILDING • SINGLE OR MULTI-TENANT • CORPORATE HQ • CREATIVE OFFICE / ADVERSTISING ETC • HOSPITALITY RETAIL • RESTAURANT • EVENT SPACE • COMMUNITY CENTER • DAYCARE / CHILDREN • SCHOOL • UNIVERSITY / COLLEGE

UNPRECEDENTED OPPORTUNITYPresented Exclusively by Real Estate Investment Group

Sale Offering

SALE HIGHLIGHTS

Please Call Broker for Details

N W E V E R E T T S T

NNCC36,691 SF Building+ 10,000 SF Lot

IDEAL FOR

4 TO 1 MAXIMUM FAR WITH BONUS 55’ MAXIMUM HEIGHT WITH BONUS

Disclosure: Building is Designated URM (Unreinforced Masonry Building)

Historic Register Building & Lot Opportunity

Northwest Neighborhood Cultural Center

PAGE 3The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

NEIGHBORHOOD HIGHLIGHTS

NW EVERETT ST

NW FLANDERS ST

NW 19TH AVE

Northwest Tower Apartments

HI PortlandNorthwest Hostel

905 NW 17th AveMixed-Use Project

Pearl WestOffice Building

Park 19Apartments

CouchPublic Park

Converse CourtApartments

Villa DorotheaApartments36,691 SF Building

on 20,000 SF Lot

Childroots:Northwest Center

McMenaminsMission Theater

The RodneyMixed-Use Project

Modera GlisanMixed-Use Project

FremontBridge


PEARLPEARL

10,000 SF Rear Lot(Currently Parking)




NW EVERETT ST

NW 1

9TH

AVE

Converse CourtApartments

Villa DorotheaApartments

Tudor ArmsApartments

Alta PeakMixed-Use

ArtistsRepertory Theatre

SCRAPPDX

CathedralSchool

DOWNTOWN PORTLAND STATE

The YogaSpace NW

1607Apartments

Northwest Tower Apartments

The CivicMixed-Use Bldg

McMenaminsCrystal Ballroom

PROVIDENCEPARK STADIUM

Nor

thw

est N

eigh

borh

ood

Cult

ural

Cen

ter

NEIGHBORHOOD HIGHLIGHTS

36,691 SF Buildingon 20,000 SF Lot

10,000 SF Rear Lot(Currently Parking)




36,691 SF Buildingon 20,000 SF Lot

10,000 SF Rear Lot

(Currently Parking)

NW EVERETT ST

NW FLANDERS ST

NW GLISAN ST

NW 1

9TH

AVE

NW 1

8TH

AVE

NW 1

7TH

AVE

19

TH

18

TH

EVERETT

FLANDERS

Sources: Esri, HERE, Garmin, USGS, Intermap, INCREMENT P, NRCan, EsriJapan, METI, Esri China (Hong Kong), Esri Korea, Esri (Thailand), NGCC, ©OpenStreetMap contributors, and the GIS User Community, Source: Esri,DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA,USGS, AeroGRID, IGN, and the GIS User Community

Aerial View

This plat map is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extenta policy of title insurance is expressly modified by endorsement, ifany, the Company does not insure dimensions, distances, location

of easements, acreage or other matters shown thereon.´

Legend

Taxlots

Freeways

Created: 10/8/2018 at 1:01:28 PMby user: Amy.Freed.

SUBJECT LOT VIEW

DETAIL VIEW

30,000 SF

TOTAL LAND




PHOTOGRAPHY




AERIAL PHOTOGRAPHY




ELEVATIONS - FACADE




ELEVATIONS - REAR




LATERAL CROSS-SECTION & ELEVATIONS




FLOOR PLAN - BASEMENT

BASEMENT LEVEL




GROUND LEVEL

FLOOR PLAN - GROUND




UPPER (2ND) LEVEL

FLOOR PLAN - UPPER




TAX MAPS

does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company

This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land,

CLACKAMAS, OREGON 97015

10151 S.E. SUNNYSIDE ROAD Suite 300

CHICAGO TITLE COMPANY

Map No. 1N1E33DB 02800

does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company

This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land,

CLACKAMAS, OREGON 97015

10151 S.E. SUNNYSIDE ROAD Suite 300

CHICAGO TITLE COMPANY

Map No. 1N1E33DB 02800

BUILDING LOT

20,000 SF

PARKING LOT

10,000 SF




Chapter 33.130 Title 33, Planning and Zoning Commercial/Mixed Use Zones 5/24/18

130-8

33.130.110 Accessory Uses Uses that are accessory to a primary use are allowed if they comply with specific regulations for the accessory uses and all development standards.

33.130.130 Nuisance-Related Impacts

A. Off-site impacts. All nonresidential uses including their accessory uses must comply with the standards of Chapter 33.262, Off-Site Impacts.

B. Other nuisances. Other nuisances are regulated by Title 29, Property and Maintenance Regulations.

Table 130-1 Commercial/Mixed Use Zone Primary Uses

Use Categories CR CM1 CM2 CM3 CE CX Residential Categories Household Living Y Y Y Y Y Y Group Living L/CU [1] L/CU [1] L/CU [1] L/CU [1] L/CU [1] L/CU [1] Commercial Categories Retail Sales And Service L [2] L [2] Y Y Y Y Office L [2] L [2] Y Y Y Y Quick Vehicle Servicing N L [2] L [2] L [2] Y N Vehicle Repair N N Y Y Y L [5] Commercial Parking N N L [9] L [9] Y CU [9] Self-Service Storage N N N L [4] L [4] L [4] Commercial Outdoor Recreation N N Y Y Y Y Major Event Entertainment N N CU CU CU Y Industrial Categories Manufacturing and Production N L/CU [3,5] L/CU [3,5] L/CU [3,5] L/CU [3,5] L/CU [3,5] Warehouse and Freight Movement N N N L [3,5] L [3,5] N Wholesale Sales N N L [3,5] L [3,5] L [3,5] L [3,5] Industrial Service N N CU [3,5] CU [3,5] CU [3,5] CU [3,5] Bulk Fossil Fuel Terminal N N N N N N Railroad Yards N N N N N N Waste-Related N N N N N N Institutional Categories Basic Utilities Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] Community Service L/CU [6] L/CU [6] L/CU [6] L/CU [6] L/CU [6] L/CU [6] Parks and Open Areas Y Y Y Y Y Y Schools Y Y Y Y Y Y Colleges N Y Y Y Y Y Medical Centers N Y Y Y Y Y Religious Institutions Y Y Y Y Y Y Daycare Y Y Y Y Y Y

Title 33, Planning and Zoning Chapter 33.130 5/24/18 Commercial/Mixed Use Zones

130-9

Table 130-1

Commercial/Mixed Use Zone Primary Uses Use Categories CR CM1 CM2 CM3 CE CX Other Categories Agriculture L [10] L [10] L/CU [11] L/CU [12] L/CU [12] L/CU [11] Aviation and Surface Passenger Terminals

N N N N CU CU

Detention Facilities N N N CU CU CU Mining N N N N N N Radio Frequency Transmission Facilities N L/CU [7] L/CU [7] L/CU [7] L/CU [7] L/CU [7] Rail Lines and Utility Corridors N CU CU CU CU CU

Y = Yes, Allowed CU = Conditional Use Review Required

L = Allowed, But Special Limitations N = No, Prohibited

Notes: • The use categories are described in Chapter 33.920. • Regulations that correspond to the bracketed numbers [ ] are stated in 33.130.100.B. • Specific uses and developments may also be subject to regulations in the 200s series of chapters.

Development Standards

33.130.200 Lot Size There is no required minimum lot size for development of land in commercial/mixed use zones. Creation of new lots is subject to the regulations of Chapter 33.613, Lots in Commercial/Mixed Use Zones.

33.130.205 Floor Area Ratio

A. Purpose. Floor area ratios (FARs) regulate the amount of use (the intensity) allowed on a site. FARs provide a means to match the potential amount of uses with the desired character of the area and the provision of public services. FARs also work with the height, setback, and building coverage standards to control the overall bulk of development. The bonus FAR options allow additional floor area as an incentive for providing affordable housing.

B. FAR standard. The maximum floor area ratios are stated in Table 130-2 and apply to all uses and development. Additional floor area may be allowed through bonus options, as described in Section 33.130.212, or transferred from historic resources per Subsection C. Except in the CR zone, floor area for structured parking, up to a maximum FAR of 0.5 to 1, is not calculated as part of the FAR for the site. Adjustments to the maximum floor area ratios are prohibited.

C. Transfer of floor area from historic resources. Floor area ratios may be transferred from a site that contains a historic resource, as follows:

1. Sending sites. Sites eligible to transfer floor area must contain:

a. A Historic or Conservation landmark; or

b. A contributing resource in a Historic District or a Conservation District.


130-14

Table 130-2

Summary of Development Standards in Commercial/Mixed Use Zones Standards CR CM1 CM2 CM3 CE CX Maximum FAR (see 33.130.205 and 33.130.212)

1 to 1 [1] 1.5 to 1 2.5 to 1 3 to 1 2.5 to 1 4 to 1

- Bonus FAR (see 33.130.212) NA See Table 130-3

See Table 130-3

See Table 130-3

See Table 130-3

See Table 130-3

Minimum Density (see 33.130.207) NA NA 1 unit per 1,450 sq. ft. of site area

1 unit per 1,000 sq. ft. of site area

NA NA

Base Height (see 33.130.210.B.1) 30 ft. 35 ft. 45 ft. 65 ft. 45 ft. 75 ft. Step-down Height (see 33.130.210.B.2) - Within 25 ft. of lot line abutting RF-R2.5 zones - Within 25 ft. of lot line abutting R3, R2, R1, RMP Zones - Within 15 ft. of lot line across a local service street from RF – R2.5 Zones - Within 15 ft. of lot line across a local service street from R3, R2, R1, RMP Zones

NA 35 ft.

35 ft.

35 ft.

35 ft.

35 ft.

NA NA 45 ft. 45 ft. 45 ft. 45 ft.

NA 35 ft. 35 ft. 35 ft. 35 ft. 35 ft.

NA NA 45 ft. 45 ft. 45 ft. 45 ft.

- Bonus Height (see 33.130.212) NA NA See Table 130-3

See Table 130-3

See Table 130-3

See Table 130-3

Min. Building Setbacks (see 33.130.215.B) - Street Lot Line - Street Lot Line abutting selected Civic Corridors - Street Lot Line across a local street from an RF – R1 or RMP Zone.

none

none

none

none

none

none

10 ft. 10 ft. 10 ft. 10 ft. 10 ft. 10 ft.

none none 5 or 10 ft. 5 or 10 ft. 5 or 10 ft.

5 or 10 ft.

Min. Building Setbacks (see 33.130.215.B) - Lot Line Abutting OS, RX, C, E, or I Zoned Lot - Lot Line Abutting RF – RH or RMP Zoned Lot

none

none

none

none

none

none

10 ft. 10 ft. 10 ft. 10 ft. 10 ft. 10 ft.

Max. Building Setbacks (see 33.130.215.C) - Street Lot Line - Street Lot Line Abutting Selected Civic Corridors

10 ft. 20 ft.

10 ft. 20 ft.

10 ft. 20 ft.

10 ft. 20 ft.

10 ft. 20 ft.

10 ft. 20 ft.

Max. Building Coverage (% of site area) - Inner Pattern Area - Eastern, Western, and River Pattern Areas (see 33.130.220)

85% 75%

85% 75%

100% 85%

100% 85%

85% 75%

100% 100%

Min. Landscaped Area (% of site area) (see 33.130.225)

15% 15% 15% 15% 15% None

Landscape Buffer Abutting an RF - RH or RMP Zoned Lot (see 33.130.215.B)

10 ft. @ L3

10 ft. @ L3

10 ft. @ L3 10 ft. @ L3 10 ft. @ L3

10 ft. @ L3

Required Residential Outdoor Area (see 33.130.228)

Yes Yes Yes Yes Yes No

Ground Floor Window Standards (see 33.130.230.B)

Yes Yes Yes Yes Yes Yes

Notes: [1] On sites that do not have a Retail Sales And Service or Office use, maximum density for Household Living is 1 unit per 2,500 square feet of site area.


130-16

for the zone before any other bonus is allowed. Adjustments to the maximum FAR and height obtainable through bonuses are prohibited.

4. The increment of additional floor area ratio allowed per bonus is stated in Table 130-3 and described in Subsections C though E.

5. The increment of additional height allowed per bonus is stated in Table 130-3, except as follows:

a. Additional height is not allowed where the step-down height limits of 33.130.210.B.2 apply.

b. In the CM2 zone, increasing maximum height through a bonus is allowed only on sites that:

(1) Are within the Design Overlay Zone; and

(2) Have a Comprehensive Plan Map designation of Mixed Use – Urban Center or Mixed Use – Civic Corridor.

Table 130-3 Summary of Bonus FAR and Height

CM1 CM2 CM3 CE CX

Overall Maximums Per Zone Maximum FAR with bonus 2.5 to 1 4 to 1 5 to 1 4 to 1 6 to 1 Maximum height with bonus 35 ft. 55 ft. [1]

75 ft. [2] 75 ft. 120 ft. [2]

45 ft. 85 ft. 120 ft. [2]

Increment of Additional FAR and Height Per Bonus Inclusionary Housing (see 33.130.212.C)

FAR Height

1 to 1 none

1.5 to 1 10 ft.

2 to 1 10 ft.

1 to 1 none

2 to 1 10 ft.

Affordable Commercial Space (see 33.130.212.D)

FAR Height

0.5 to 1 none

0.75 to 1 10 ft.

1 to 1 10 ft.

0.5 to 1 none

1 to 1 10 ft.

Planned Development (see 33.130.212.E)

FAR Height

none none

1.5 to 1 up to 30 ft.

2 to 1 up to 55 ft.

1.5 to 1 up to 30 ft.

2 to 1 up to 45 ft.

[1] Bonus height in the CM2 zone is only allowed on sites that are within the Design Overlay Zone and that have a Comprehensive Plan Map designation of Mixed Use–Urban Center or Mixed Use–Civic Corridor. [2] This larger overall maximum is only allowed through the Planned Development bonus option and required Planned Development Review.

C. Inclusionary housing bonus. Maximum height and FAR may be increased as stated in Table 130-3 if one of the following is met:

1. Mandatory inclusionary housing. Bonus height and FAR is allowed for development that triggers 33.245, Inclusionary Housing. The amount of bonus floor area allowed is an amount equal to the net building area of the building that triggers 33.245, up to the increment of additional FAR allowed as stated in Table 130-3. To qualify for this bonus, the applicant must provide a letter from the Portland Housing Bureau certifying that the regulations of 33.245 have been met; or

ZONING & DEVELOPMENT STANDARDS




https://www.portlandmaps.com/detail/zoning/1819-NW-EVERETT-ST/R140879_did/

ZONING MAP

https://www.portlandmaps.com/detail/zoning/1819-NW-EVERETT-ST/R140879_did/




HISTORY

NNCC HISTORYAn Early Christian Science Church in Oregon

The Northwest Neighborhood Cultural Center began life in 1911 as the First Church of Christ, Scientist. Since its opening more than a century ago, the building has been a prominent fixture in Northwest Portland. The stately Classical Revival design was that of Solon Spencer Beman, a well-known Chicago architect who designed about a dozen Christian Science churches in several cities across the United States in the early 20th century.

The NW Portland church was distinguished by the colonnade and majestic domed roof crowning the building. The dome and skylights overlook an 11,000 square foot auditorium which to this day is filled with enough pews to seat about 1000 people. This Northwest gem is currently listed as a landmark on the National Historic Register and also appears in State and City listings as an historic property.

From Church to Service Center

The building continued to function as a Christian Science church until 1978 when the building was acquired from the Church by a neighborhood-based Oregon not for profit corporation which had been formed for this purpose. A group of Northwest Portland residents mounted a drive to raise money to purchase the building and convert it into a community center. Neighbors held potluck suppers and other fundraising events, sought corporate assistance, and eventually raised $150,000 for a down payment on the $300,000 purchase price.

Following this acquisition, the building’s name became the “Northwest Service Center”. Under this new, neighborhood-based ownership, the building bustled with social service outreach organizations such as Loaves and Fishes, Gray Panthers, and Neighbors West/Northwest, a coalition of neighborhood organizations. At times, fifteen public benefit programs and organizations utilized the building to hold activities and deliver their services to the community. The building’s new life as a community service center strengthened the character and livability of the neighborhood by providing a space for meetings, workshops, and performances. The large auditorium was used by local, regional, and national performing arts groups.

From Service Center to Cultural Center

By 1992 a changing occupancy mix was making it difficult for the Service Center to keep its doors open. In 1993 the Northwest Chil-dren’s Theater and School became a new primary tenant and the building’s name was changed to Northwest Neighborhood Cultural Center or “NNCC”. In 2009 NWCTS began leasing the entire building from which it continues to operate today. Notwithstanding these changes, the building has been continuously owned by the same neighborhood-based Oregon not for profit corporation since 1978.

The building has benefited from some recent re-investment activity including interior dome restoration, chimney reconstruction, instal-lation of emergency egress lighting, interior sprinkler system, building security, and investment in ADA compliance.

Beyond this recent reinvestment activity, the building remains a seismically vulnerable unreinforced masonry structure. As such, the building and those who use the building bear some measure of heightened exposure to catastrophic damage and injury from a major earthquake. Because the building is used as a school during a portion of each year, it is currently not in compliance with certain legal requirements of the City’s use and occupancy code.

Also, many building systems are obsolete (e.g. plumbing, electrical, ventilation and climate control) or are failing (e.g. the roof). The building is in need of substantial reinvestment if it is to be preserved for the coming decades.

Information provided by NNCC




Nob Hill / Alphabet DistrictBoasting the highest population density in the city, Portland’s Nob Hill / Alphabet neighborhoodcombines some of the area’s best restaurants, bars and eateries, boutique and major-name sho-pping, historic architectural buildings and new developments. Close proximity to Providence Park, the Oregon Zoo, the International Rose Test Garden and the Japanese Garden situate the neighbor-hood ideally for locals and visitors. The shopping districts along NW 23rd and NW 21st streets are among the most popular in the city, where upscale shopping outlets mix with the best of Portland’s local boutiques, food offerings and unique flair.

ALPHABET DISTRICT SHOPPING

COUCH PARK

LOCAL FOCUS

Goose Hollow

WEST BURNSIDE

JAPANESE GARDENROSE TEST GARDENOREGON ZOOPITTOCK MANSION

WEST BURNSIDE

US-30

Slabtown

Expedia

Expedia

Portland Real Estate Blog

Wikipedia

Pearl District

NNCCFOR SALE

COUCH PARKNW 2

3RD

SHOP

PING

DIS

TRIC

T




Demographics | Affluence & Education

Trade Area: 1819 NW Everett St - 1 mi Radius Population: 46,356 | Households: 46,356

EDUCATIONAL ATTAINMENT: TOP 2*

38.1%Index: 199

Bachelor's Degree

17.8%Index: 212

Master's Degree

EDUCATION: HISPANIC/LATINO

2.8%Index: 120

Bachelor's degree or higher

POVERTY STATUS

95.7%Index: 107

At or above poverty

HOUSEHOLD INCOME

Median Household Income

$60,636Index:97

Average Household Income

$107,384Index:120

HOUSEHOLD INCOME DISTRIBUTION

Trade Area Benchmark

Less than$15,000

$15,000 -$24,999

$25,000 -$34,999

$35,000 -$49,999

$50,000 -$74,999

$75,000 -$99,999

$100,000 -$124,999

$125,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$499,999

$500,000+

18.8%

7.9%8.3%

10.0%10.6%

9.3%

8.0%

6.6% 6.4%

4.0%

5.7%

4.4%

10.5%

9.1% 8.9%

12.6%

16.9%

12.3%

9.1%

6.2% 6.4%

3.1% 3.3% 1.7%

Benchmark: USA Copyright © 2018 by Environics Analytics (EA). Source: Claritas - Pop-Facts Premier 2019.

*Ranked by percent composition Index Colors: <80 80 - 110 110+

SELECTED DEMOGRAPHICS




Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography page 1 of 3©2019, Sites USA, Chandler, Arizona, 480-491-1112

This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.

FULL PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 45.5252/-122.6898RF1

1819 NW Everett St1 mi radius 3 mi radius 5 mi radius

Portland, OR 97209

POPU

LATI

ON

2018 Estimated Population 46,715 165,985 417,7552023 Projected Population 48,545 172,250 432,3212010 Census Population 37,307 135,624 366,8542000 Census Population 28,140 119,650 336,946Projected Annual Growth 2018 to 2023 0.8% 0.8% 0.7%Historical Annual Growth 2000 to 2018 3.7% 2.2% 1.3%

HO

USE

HO

LDS 2018 Estimated Households 29,926 88,361 195,726

2023 Projected Households 31,694 93,462 206,9492010 Census Households 23,298 70,448 168,9582000 Census Households 17,881 61,076 152,449Projected Annual Growth 2018 to 2023 1.2% 1.2% 1.1%Historical Annual Growth 2000 to 2018 3.7% 2.5% 1.6%

AGE

2018 Est. Population Under 10 Years 4.6% 8.0% 9.5%2018 Est. Population 10 to 19 Years 4.8% 6.9% 8.2%2018 Est. Population 20 to 29 Years 24.2% 19.9% 16.2%2018 Est. Population 30 to 44 Years 29.3% 29.4% 28.3%2018 Est. Population 45 to 59 Years 18.0% 17.7% 18.7%2018 Est. Population 60 to 74 Years 15.0% 14.0% 14.4%2018 Est. Population 75 Years or Over 4.0% 4.2% 4.7%2018 Est. Median Age 37.0 36.7 37.5

MAR

ITAL

STA

TUS

& G

END

ER

2018 Est. Male Population 54.2% 51.0% 49.7%2018 Est. Female Population 45.8% 49.0% 50.3%

2018 Est. Never Married 52.6% 49.0% 42.5%2018 Est. Now Married 24.6% 31.8% 38.3%2018 Est. Separated or Divorced 20.1% 16.3% 15.8%2018 Est. Widowed 2.8% 2.9% 3.4%

INC

OM

E

2018 Est. HH Income $200,000 or More 12.1% 13.7% 13.0%2018 Est. HH Income $150,000 to $199,999 6.2% 7.7% 8.8%2018 Est. HH Income $100,000 to $149,999 13.6% 14.7% 16.7%2018 Est. HH Income $75,000 to $99,999 10.3% 11.5% 12.3%2018 Est. HH Income $50,000 to $74,999 11.7% 13.7% 15.1%2018 Est. HH Income $35,000 to $49,999 10.4% 10.4% 10.3%2018 Est. HH Income $25,000 to $34,999 7.8% 7.2% 6.6%2018 Est. HH Income $15,000 to $24,999 8.1% 7.4% 6.5%2018 Est. HH Income Under $15,000 19.8% 13.6% 10.6%2018 Est. Average Household Income $93,797 $105,690 $110,2212018 Est. Median Household Income $63,738 $77,365 $82,4142018 Est. Per Capita Income $61,239 $56,753 $51,984

2018 Est. Total Businesses 8,965 21,555 32,8592018 Est. Total Employees 104,111 257,987 353,379


This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 45.5252/-122.6898RF1


Portland, OR 97209

POPU

LATI

ON


HO

USE

HO



AGE


MAR

ITAL

STA

TUS

& G

END

ER



INC

OM

E




This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 45.5252/-122.6898RF1


Portland, OR 97209

POPU

LATI

ON


HO

USE

HO



AGE


MAR

ITAL

STA

TUS

& G

END

ER



INC

OM

E




This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 45.5252/-122.6898RF1


Portland, OR 97209

POPU

LATI

ON


HO

USE

HO



AGE


MAR

ITAL

STA

TUS

& G

END

ER



INC

OM

E



Downtown Portland

NNCC

AREA MAP

PEARL DISTRICT

PEARL DISTRICT




Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

OREGON REAL ESTATE INITIAL AGENCY

Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and

DISCLOSURE PAMPHLET

OAR 863-015-215 (4)

principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or

Real Estate Agency Relationships

principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the

An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"),

agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction.

Seller's Agent - Represents the seller only;

Buyer's Agent - Represents the buyer only;

Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same

property. This can be done only with the written permission of both clients.

The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at

the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real

estate agent.

Provided by Oregon Real Estate Forms, LLC 9/9/2013 OREF 042May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 1 of 3

pamphlet from another broker.

Oregon law provides for three types of agency relationships between real estate agents and their clients:

Definition of “Confidential Information”

Generally, licensees must maintain confidential information about their clients. “Confidential information” is information

communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the

real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell. “Confidential

information” does not mean information that:

a. The buyer instructs the licensee or the licensee’s agent to disclose about the buyer to the seller, or the seller instructs the

licensee or the licensee’s agent to disclose about the seller to the buyer; and

b. The licensee or the licensee’s agent knows or should know failure to disclose would constitute fraudulent representation.

Duties and Responsibilities of Seller’s Agent

Under a written listing agreement to sell property, an agent represents only the seller unless the seller agrees in writing to allow

the agent to also represent the buyer. An agent who represents only the seller owes the following affirmative duties to the

seller, the other parties and the other parties’ agents involved in a real estate transaction:

1. To deal honestly and in good faith;

2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard to

whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and

3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party;

www.orefonline.com

This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an

agency relationship between you and a broker or a principal broker.

This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.


A seller’s agent owes the seller the following affirmative duties;


1. To deal honestly and in good faith;

2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard

to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and

1. To exercise reasonable care and diligence;

2. To account in a timely manner for money and property received from or on behalf of the seller;

3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction;

4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated;

5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise;

6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination

of the agency relationship; and

7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a

seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract

for sale.

None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived

by written agreement between seller and agent.

Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing

properties for sale without breaching any affirmative duty to the seller.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise,

including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with

law.

Duties and Responsibilities of Buyer’s Agent

An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller,

even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the

seller’s agent.

An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’

agents involved in a real estate transaction:

3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party.

A buyer’s agent owes the buyer the following affirmative duties:

1. To exercise reasonable care and diligence;

2. To account in a timely manner for money and property received from or on behalf of the buyer;

3. To be loyal to the buyer by not taking action that is adverse or detrimental to the buyer’s interest in a transaction;

4. To disclose in a timely manner to the buyer any conflict of interest, existing or contemplated;

5. To advise the buyer to seek expert advice on matters related to the transaction that are beyond the agent’s expertise;

6. To maintain confidential information from or about the buyer except under subpoena or court order, even after

termination of the agency relationship; and

7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find property for the buyer, except that a

buyer’s agent is not required to seek additional properties for the buyer while the buyer is subject to a contract for

purchase.

None of these affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived by

written agreement between buyer and agent.

www.orefonline.com


OREGON REAL ESTATE DISCLOSURE





Under Oregon law, a buyer’s agent may show properties in which the buyer is interested to other prospective buyers without


1. To the seller, the duties listed above for a seller’s agent; and

Disclosed Limited Agents have the following duties to their clients:

Duties and Responsibilities of an Agent

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise.

breaching an affirmative duty to the buyer.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise,

including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance

with law.

Who Represents More than One Client in a Transaction

One agent may represent both the seller and the buyer in the same transaction, or multiple buyers who want to purchase the

same property, only under a written "Disclosed Limited Agency Agreement” signed by the seller and buyer(s).

2. To the buyer, the duties listed above for a buyer’s agent;

3. To both buyer and seller, except with express written permission of the respective person, the duty not to disclose to

the other person:

a. That the seller will accept a price lower or terms less favorable than the listing price or terms;

b. That the buyer will pay a price greater or terms more favorable than the offering price or terms; or

c. Confidential information as defined above.

When different agents associated with the same principal broker (a real estate licensee who supervises other agents) establish

agency relationships with different parties to the same transaction, only the principal broker will act as a Disclosed Limited

Agent for both buyer and seller. The other agents continue to represent only the party with whom the agents have already

established an agency relationship unless all parties agree otherwise in writing. The principal real estate broker and the real

estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer:

1. To disclose a conflict of interest in writing to all parties;

2. To take no action that is adverse or detrimental to either party's interest in the transaction; and

3. To obey the lawful instruction of both parties.

No matter whom they represent, an agent must disclose information the agent knows or should know that failure to disclose

would constitute fraudulent misrepresentation.

You are encouraged to discuss the above information with the licensee delivering this pamphlet to you. If you intend

for that licensee, or any other Oregon real estate licensee, to represent you as a Seller's Agent, Buyer's Agent, or

Disclosed Limited Agent, you should have a specific discussion with the agent about the nature and scope of the

agency relationship. Whether you are a buyer or seller, you cannot make a licensee your agent without the licensee’s

knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

www.orefonline.com


Michael Manougian 2014-10-14 19:51 GMT

OREGON REAL ESTATE DISCLOSURE

6691 10000 - loopnet · portland s nob hill / alphabet district northwest neighborhood 1819 nw...

Documents