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    118-128 NW 23Rd Ave Portland, OR 97210

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    For Sale
    $1,950,000

    Iconic retail space on NW 23rd Avenue in Portland.

    Property size:
    4,750 SF
    Lot size:
    0.12 Acres

    Property Features for 118-128 NW 23Rd Ave

    General Information

    Size
    4,750 SF
    Lot size
    0.12 Acres

    Source: Debbie Thomas Real Estate Agent Debbie Thomas

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

    Overview

    NW Portland Retail Space For Sale

    This retail space is located on NW 23rd Avenue in Portland, near shops, eateries, bars, and local establishments. It is accessible via bus and Streetcar, benefiting from local and tourist traffic. The property is a full floor second story space featuring an open layout, a built-in bar, and a kitchen, accommodating various service-related uses. The occupancy rating of A3 allows for many service retail options. The property size is 4,750 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6980861
    Latitude
    45.5241462

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    FAQs

    What type of property is this?
    Retail space - Iconic retail space on NW 23rd Avenue in Portland.
    Where is this retail space located?
    The property is located at 118-128 NW 23Rd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Unbeatable location on NW 23rd Avenue with high foot traffic.; - Close proximity to popular shops, restaurants, and bars.; - Easily accessible via bus and Streetcar.
    (503) 226-2141
    Request Owner's contact information
    118-128 NW 23Rd Ave Portland, OR 97210
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    Portland, OR 97210
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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
    118-128 NW 23Rd Ave Portland, OR 97210
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