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Remodeled Office Building in Lair Hill
For Lease
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3207 SW 1st Ave, Portland, OR

Four-story office building with abundant natural light and outdoor terrace.

Space Size2,190 SF - 2,296 SF
Lot Size0.11 Acres
Days on Market518

Property Features for 3207 SW 1st Ave

General Information

Standard status Active
Size 2,190 SF - 2,296 SF
Lot size 0.11 Acres
Property subtype OFFICE

Spaces For Lease

at 3207 SW 1st Ave Contact us

The Vance Building

Floor
1
Size
2,296 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Four-floor, stand-alone building, located in lair hill neighborhood - Massive windows...
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Contact us

Historic Vance Company Warehouse

Floor
Sublevel 2
Size
2,190 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Four-floor, stand-alone building, located in lair hill neighborhood - Massive windows...
show more
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Jeff Valdes · License #910700169
Source: Moodyscre
Added: Mar 25, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:18PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

This four-story, stand-alone office building is located in the Lair Hill neighborhood. The property features massive windows that allow for abundant natural light. It was completely remodeled in 2017. The building is 42% leased, leaving two floors available. Existing tenants have short-term and below-market leases. The property offers convenient access to Downtown and unique freeway access in all directions. A 1,000 square foot ground-level, outdoor terrace is included. The property is zoned CS (Commercial Storefront). The property size is 22,222 square feet.

Key Highlights

  • Unique freeway access in all directions and great ingress/egress to Downtown
  • SBA opportunity with two floors available (42% leased)
  • Massive windows allowing for abundant natural light

Property Analytics

Current Use

Western Acceptance LLC Insurance Agency Coast Consulting Business Management Consultant

Suggested Use

Top Pick Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,774
Businesses Nearby

Market

Lease Benchmarks for Portland, OR

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,474 SF
Avg Space Size

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office building with abundant natural light and outdoor terrace.
Where is this office building located?
The property is located at 3207 SW 1st Ave Portland, OR.
What are key features of this property?
This property features: Unique freeway access in all directions and great ingress/egress to Downtown; SBA opportunity with two floors available (42% leased); Massive windows allowing for abundant natural light
(503) 326-9000 Call to check price and availability
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