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Modern Flex Space in Portland
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45-57 NE Hancock Street, Portland, OR 97212

Turn-key flex space suitable for various businesses.

Space SizeContact for details
Property Size19,775 SF
Days on Market259

Property Features for 45-57 NE Hancock Street

General Information

Standard status Active
Size 19,775 SF
Total Parking Spaces 18
Property subtype Flex Building with Conditioned Production Space
Zoning CM-3 with in East Portland Enterprise and E-commerce Zone

Building Details

Building Size 19,775 SF
Listing Agency:
Listed By: Eleanor Aschoff · License #OR #971000188
Source: Macadamforbes
Added: Nov 25, 2025 Changed: Aug 8 Last Checked: Aug 11 at 6:33AM

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 Eleanor Aschoff

Investment Insights

Based on property information with market context.

This modern flex space is located along the east Broadway corridor. The property is turn-key and includes office space, a break room, fully conditioned production space, and general warehouse space. It is suited for a variety of businesses including printing, production, research & development, wholesale, fulfillment, as well as service-related uses. As a full building offering, it is ideal for a corporate headquarters or main office facility. The traditional warehouse area features a 16' clear height and is serviced by 2 dock doors. The property also includes 3-phase power, a secured yard, and off-street parking with security lighting. The property is centrally located close-in Northeast Portland, just off I-5 at the Weidler Street exit, two blocks north of E. Broadway, and one block east of N. Williams Ave. It is within walking distance to the Portland Streetcar, as well as an abundance of food, service, and entertainment amenities. Access to bus and bike routes and minutes from downtown Portland is available. The zoning is CM-3 within the East Portland Enterprise and E-commerce Zone.

Key Highlights

  • Turn‑key flex space suitable for diverse businesses.
  • Excellent location, close to I‑5, mass transit and downtown Portland.
  • Includes office with break room, fully conditioned production space, and 16' clear warehouse.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Tanning Salon Pet Grooming Service Mobile Phone Store Adult Day Care

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

4,639
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97212, OR

26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value

Market

Lease Benchmarks for Portland, OR

$15.88 /SF/Yr
Avg Asking Price
$12–$20.02 /SF/Yr
Price Range
16,828 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
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Similar Off Market Nearby

  • Ko sisters Catering 1825 N Williams Ave, Portland, OR 97227
  • Montrose Smoked Fish Co 2136 NE 12th Ave, Portland, OR 97212
  • Catering for a Cause, Volunteers of America Oregon 1520 N Williams Ave, Portland, OR 97227
  • Devil's Food Catering 722 N Page St, Portland, OR 97227
  • Aramark 777 NE M L King Blvd, Portland, OR 97232

Frequently Asked Questions

What type of property is this?
Flex space - Turn-key flex space suitable for various businesses.
Where is this flex space located?
The property is located at 45-57 NE Hancock Street Portland, OR.
What are key features of this property?
This property features: Turn‑key flex space suitable for diverse businesses.; Excellent location, close to I‑5, mass transit and downtown Portland.; Includes office with break room, fully conditioned production space, and **16' clear warehouse**.
More about this property
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