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    115 SW Ash St Portland, OR 97204

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    For Lease
    Contact for pricing

    Office space

    Property size:
    6,594 SF
    Lot size:
    0.16 Acres

    Property Features for 115 SW Ash St

    General Information

    Size
    6,594 SF
    Lot size
    0.16 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

    The New Market Theater, built in 1872, is regarded as one of the most significant historic buildings of early Portland. The building once held a 1,200-seat theater and a public market on its main floor. This legendary hub of culture and commerce is once again a center of innovation and creativity. The New Market Theater Block was recently renovated and continues to capture Portland’s legacy of discovery, independence, and invention in captivating workspaces.

    LOCATION
    The New Market Theater has a lot to offer – numerous nearby food, drink, and entertainment options, multiple modes of public transportation, nearby parking, and a downtown location. The New Market Theater location is easily accessible and conveniently located blocks from the Burnside and Morrison bridges. Public transportation options abound. The 12, 16, 19, 20, and 35 buses as well as the red, blue, green and orange
    street car lines all have stops within three blocks of New Market Theater.

    HIGHLIGHTS
    • Exposed brick and wood finishes
    • Historic architecture
    • Onsite café
    • New fitness room, secure bicycle parking and tenant shower facilities
    • Conference facilities
    • Public transit accessible – 5 bus and 4 streetcar lines
    • City and river views from select suites
    Location Intelligence

    Current Use by Public Records

    NW Real Estate ... Photographer Portland Mercury Newspaper Publisher Simple. Local. Coffee Coffee Shop Fond Software Company Simple. Local. Coffee. ... Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6717022
    Latitude
    45.5219751

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    FAQs

    Where is this office space located?
    The property is located at 115 SW Ash St Portland, OR.
    What are key features of this property?
    This property features: - Historic architecture: Significant building dating back to 1872, renovated to capture Portland's legacy.; - Prime location: Downtown location with numerous food, drink, and entertainment options.; - Excellent public transportation: Accessible via 5 bus and 4 streetcar lines.
    (503) 205-0610
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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
    115 SW Ash St Portland, OR 97204
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