Portland Metro has placed the former Trinity Broadcasting Network (TBN) location up for short term lease. While Metro develops a plan to convert the site into affordable housing, they hope to generate some revenue out of the property. This listing also confirms the timeline for Metro’s proposed transformation of the property.
Listed by Colliers International, the Glisan Street property is available for one or two-year terms. The flyer for the site states that it’s “ideal uses would include schools, theater, camp, short term office requirements, nonprofit uses.”
At a lease rate of $1.00/mo/foot, this is an affordable location for a short term project. Montavilla has a good number of available storefronts, but few with this much parking. It will be a challenging listing, requiring a specific type of renter with short term goals. With some luck, they will find someone to make this space lively until it’s redevelopment.
For decades this property at 432 NE 74th Ave was closed to the public, its large parking lot sitting empty and gated off. The listing flyer offers a rare glimpse inside the building. If nothing else happens to this building before its demolition, at least the listing ends the mystery surrounding its inner workings.
Leasing Contact and additional information