Leased Retail Condo in
For Sale
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1133 NW 11th Ave, Portland, OR 97209
Retail condo totaling 7,560 SF with 90% occupancy by four restaurant and health/wellness tenants.
Property Size7,560 SF
Price / SF$511.90
Days on Market168
Property Features for 1133 NW 11th Ave
General Information
Standard status
Active
Size
7,560 SF
Class
A
Property subtype
Retail
Occupancy
90%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$250,976
Building Details
Year Built
2003
Units
5
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Kevin Adatto · License #WA 85667
(503) 998-6572
Source:
Crexi
Added: Mar 25
Changed: Aug 31
Last Checked: Sep 7 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
This 7,560 SF retail condo in Portland’s Pearl District is currently 90% leased to four tenants representing restaurant and health/wellness uses. Tenancy is primarily service-based and appointment driven, and the asset benefits from strong retention, including operators in place for 10+ years. Kanani Pearl Spa and Via Delizia have both been in operation since 2004, with Via Delizia described as a neighborhood staple.
The property is part of The Blocks mixed-use portfolio, which includes 10 buildings and approximately 94,000+ SF of retail. The tenant base is supported by nearby residential condo density, with remarks citing approximately 1,200 residential condo units in the surrounding area.
As offered, the space provides a stabilized, multi-tenant retail configuration with a mix of dining and wellness-oriented uses under one ownership structure.
The property is part of The Blocks mixed-use portfolio, which includes 10 buildings and approximately 94,000+ SF of retail. The tenant base is supported by nearby residential condo density, with remarks citing approximately 1,200 residential condo units in the surrounding area.
As offered, the space provides a stabilized, multi-tenant retail configuration with a mix of dining and wellness-oriented uses under one ownership structure.
Key Highlights
- 7,560 SF retail condo in Portland’s Pearl District
- 90% leased to four tenants with restaurant and health/wellness uses
- Tenant mix includes Kanani Pearl Spa and Via Delizia, both in place since 2004
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Retail space - Retail condo totaling 7,560 SF with 90% occupancy by four restaurant and health/wellness tenants.
Where is this retail space located?
The property is located at 1133 NW 11th Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,870,000.
What are key features of this property?
This property features: 7,560 SF retail condo in Portland’s Pearl District; 90% leased to four tenants with restaurant and health/wellness uses; Tenant mix includes Kanani Pearl Spa and Via Delizia, both in place since 2004
