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    24-32 NW 2Nd Ave Portland, OR 97209

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    For Lease
    Contact for pricing

    Tech and creative office space in a historic building.

    Property size:
    2,273 SF
    Lot size:
    0.15 Acres

    Property Features for 24-32 NW 2Nd Ave

    General Information

    Size
    2,273 SF
    Lot size
    0.15 Acres

    Source: Ethos Commercial Advisors LLC Agent Josh Bean, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Old Town Building

    The Captain Couch Building, originally built in 1904 as the Phillip Hotel, features ground floor retail and saloon space. Extensively remodeled in 1977 and renamed in honor of Captain John Couch, the building now houses tech and creative office tenants in the Old Town District. The property offers exposed brick and wood finishes, historic architecture, a landscaped courtyard, and controlled access entry. Select suites feature large windows and skylights. The building is located adjacent to the Burnside Bridge and is easily accessible by car and public transit, with twelve bus lines and four streetcar lines nearby. Neighborhood amenities have grown in recent years with the addition of tenants like University of Oregon, Oregon College of Oriental Medicine, and Ankrom Moisan. The location provides numerous nearby food, drink, and entertainment options, as well as convenient parking. The available space is 2273 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6720647
    Latitude
    45.5236908

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    FAQs

    What type of property is this?
    Office space - Tech and creative office space in a historic building.
    Where is this office space located?
    The property is located at 24-32 NW 2Nd Ave Portland, OR.
    What are key features of this property?
    This property features: - Prime location in the Old Town District with numerous food, drink, and entertainment options.; - Excellent public transportation access with 12 bus lines and 4 streetcar lines.; - Historic architecture with exposed brick and wood finishes.
    (503) 205-0610
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    24-32 NW 2Nd Ave Portland, OR 97209
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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
    24-32 NW 2Nd Ave Portland, OR 97209
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