NEW LISTING: This property is a commercially zoned (CM3), mixed use property currently being utilized as a personal residence and Airbnb rental. The immaculate 7 bedroom, 4 bath property was remodeled for quiet living in a city space, with a perfect Alphabet District location on NW 16th and Northrup. The property is offered at $1,300,000
Here is a video of the exterior and interior:
The current owners rent out the first and second floor as Airbnb rentals, and generate approximately $81,000 annually after Airbnb fees. See the property flyer here: http://www.josephbernard.net/1616-nw-northrup
The full-length sliding glass doors are fantastic for enjoying the kitchen space, they open up along a patio overlooking the streetcar line.
Potential uses for the unique property:
Due to the favorable CM3 zoning, the property could be utilized in many ways: office, retail, commercial, residential, and even development potential up to six stories high.
ZONING: CM3, Commercial/Mixed Use 3
The Commercial/Mixed Use 3 (CM3) zone is a large-scale zone intended for sites in high-capacity transit station areas, in town centers, along streetcar alignments, along civic corridors, and in locations close to the Central City. It is intended to be an intensely urban zone and is not appropriate for sites where adjacent properties have single-dwelling residential zoning. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to six stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, with buildings that contribute to an urban environment with a strong street edge of buildings. The scale of development is intended to be larger than what is allowed in lower intensity commercial/mixed use and residential zones. Design review is typically required in this zone.
For more information on the property, call Bernard Gehret at 503-546-9390.