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    122 SW 3Rd Ave Portland, OR 97204

    New
    For Sale
    $2,800,000

    COMMERCIAL - Portland, OR

    Property size:
    4,375 SF
    Lot size:
    0.06 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 122 SW 3Rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CXD
    APN
    R246040
    Size
    4,375 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1902
    Floors in Building
    2

    LUXE Forbes Global Properties (503) 389-2112 [email protected], [email protected]

    Listing agent Vince Cortese (503) 389-2112

    Listing date Dec 1, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Downtown Portland Office Building

    This brick building, constructed in 1902, is located in downtown Portland. The property features a spiral staircase connecting two office floors, skylights, and high ceilings. The floor plan includes multiple offices, a conference space, and a kitchen area. The building provides transit connectivity, with proximity to multiple bus lines, an 11-minute walk to Union Station, and a 21-minute drive to PDX airport. The lot size is 0.06 acres, and the property size is 4375 square feet. The zoning is CXD. This property offers a unique architectural character and downtown accessibility. It is located at 122 SW 3RD Ave, Portland, OR 97204.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.673255
    Latitude
    45.521805

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    FAQs

    What type of property is this?
    Office building - Unique 1902 brick building with downtown accessibility.
    Where is this office building located?
    The property is located at 122 SW 3Rd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Unbeatable downtown Portland location with exceptional transit connectivity.; - Unique architectural character and historic charm in this brick building built in 1902.; - **Dramatic spiral staircase connecting two office floors.**
    (503) 389-2112
    Request Owner's contact information
    122 SW 3Rd Ave Portland, OR 97204
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    Portland, OR 97204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 SW 3Rd Ave Portland, OR 97204
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