Neville & Butler Commercial Real Estate
Commercial Real Estate
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Vancouver Ave Apartments

vancouver avenue apartments

N Vancouver Avenue & N Shaver Street, Portland, Oregon


SPACE AVAILABLE:

North Building

  • 2,382 SF Corner-Entry Restaurant Space

South Building

  • 1,923 square foot corner restaurant space w/ private rooftop terrace

  • 913 square foot retail space w/ roll-up garage door

  • 1,300 square foot retail/office space, which is divisible

  • 720 square foot retail/office space

Brochure North Building Plan South Building Plan


 

Property Overview

The Vancouver Avenue Apartments are a new, 136-unit apartment development spanning two buildings at the intersection of North Vancouver Avenue and North Shaver Street.

The North Building, located at the northeast corner of N Vancouver Avenue & N Shaver Street, will be a 49-unit building and feature a 2,382 square foot corner restaurant space on the ground floor. This space features:

  • Two Roll-Up Garage Doors

    • One each along N Vancouver & N Shaver

    • Floor-to-Ceiling Windows

    • Grease Interceptor and Full Venting

This space is divisible to 1,039 square feet facing N Vancouver Ave and 1,343 square feet with a corner-entry.

The South Building, located at the southeast corner of N Vancouver Avenue & N Shaver Street, will be an 87-unit building and feature several restaurant, retail, and office spaces on the ground floor. These spaces include:

  • 1,923 SF Corner-Entry Restaurant Space

    • Private 1,006 SF Rooftop Terrace w/ Stair & Elevator Access

    • Roll-Up Garage Door

    • Floor-to-Ceiling Windows

    • Grease Interceptor and Full Venting

  • 913 SF Retail Space

    • Roll-Up Garage Door

    • Floor-to-Ceiling Windows

  • 1,300 SF Retail/Office Space

    • Divisible to 656 & 644 SF

  • 720 SF Retail/Office Space


Trade Area Overview

The Vancouver/Williams corridor is a vibrant commercial district on Portland’s close-in eastside.

This corridor has experienced tremendous retail and residential growth within the past ten years, including many multifamily developments and the addition of office space not previously seen in the area, creating an increased daytime population.

North Vancouver Avenue is the southbound arterial for the corridor, while North Williams Avenue is the complementary northbound arterial. These arterials carry both car and bicycle traffic, with nearly 9,000 bicycles per day between the two streets.

Major employers in the area include Adidas’ North American headquarters (1,200 employees) and PCC’s Cascade Campus (over 20,000 full and part-time students annually).

Demographics

0.5 Miles 1 Mile 2 Miles
2018 Population: 9,606 28,464 99,929
2023 Projected Pop: 10,860 31,252 109,697
’18-’23 Growth/Yr: 2.61% 1.96% 1.95%
Avg Household Income: $69,797 $81,057 $93,878
% Pop Bachelor's Deg +: 61.05% 60.63% 63.05%
Median Home Value: $362,806 $381,522 $395,132
# Businesses: 486 1,456 6,090
Daytime Population: 7,458 32,128 137,243