484 Forest Avenue

Rare opportunity to acquire a four-way lighted corner lot with two entrance points on heavily travelled (20K+ AADT) Forest Avenue.

It's been a gas station since 1942 and has been operating as Welch Service Station since the early 1970s. It's a local landmark and the last vestige of Portland's original 'Auto Mile' on Forest Avenue dating back to 1910.

Highest and best adaptive reuses are modern cafes (e.g. coffee, smoothie and acai bowl), offices, or retail boutiques.

It's a candidate for historical tax credits (up to 45%) given its age and architectural significance.