NNN-Leased Retail and Restaurant
1909 SW 6th Avenue Portland, OR 97201
For Sale
$2,990,000
COMMERCIAL - Portland, OR
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$299
Days on Market676
Property Features for 1909 SW 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned
Standard status
Active
APN
R246361
Size
10,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
32286
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Number of units
2
Building materials
Block, Concrete, Frame
Roof type
Asphalt
Listing Agency:
Coldwell Banker Bain
(541) 382-4123
Listed By:
Brent Theodore Barker · License #201232075
(602) 697-7769
Added: Sep 20, 2024
Changed: Jul 25
Last Checked: Jul 27 at 9:06AM
MLS# 220193913
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building offers 3 NNN leased units within a property described as a long-term, family-owned investment since 1953. The current tenant mix includes a restaurant, a boutique coffee shop, and a print shop, serving the university population. The building also includes on-site management parking, and the property is identified as being in an Opportunity Zone with a CX designation noted in the remarks.
The site is located on the NE corner of SW Hall St and SW 6th Ave in Portland, OR, with over 200 feet of frontage. The property is described as benefiting from high traffic and strong visibility in the heart of PSU, with walking traffic from the campus and nearby university facilities, including a multi-level student parking garage across the street.
At a building size identified as 6,500 square feet in the remarks, the offering is presented as an income or redevelopment investment property. Please do not disturb businesses; contact the listing broker for details.
The site is located on the NE corner of SW Hall St and SW 6th Ave in Portland, OR, with over 200 feet of frontage. The property is described as benefiting from high traffic and strong visibility in the heart of PSU, with walking traffic from the campus and nearby university facilities, including a multi-level student parking garage across the street.
At a building size identified as 6,500 square feet in the remarks, the offering is presented as an income or redevelopment investment property. Please do not disturb businesses; contact the listing broker for details.
Key Highlights
- Prime location in the heart of PSU with high visibility and traffic.
- Triple‑net (NNN) leased units providing stable income.
- Opportunity Zone location (CX - Central Commercial).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $19.20 |
| − Vacancy | −$12.5k | −$1.25 |
| EGI | $179.5k | $17.95 |
| − OpEx | −$44.9k | −$4.49 |
| NOI | $134.6k | $13.46 |
10,000 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,640 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,577 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Building with 3 NNN leased units and active restaurant, coffee shop, and print shop operations at a corner location.
Where is this nnn property located?
The property is located at 1909 SW 6th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Prime location in the heart of PSU with high visibility and traffic.; Triple‑net (NNN) leased units providing stable income.; Opportunity Zone location (CX - Central Commercial).
