Lair Hill Remodeled Office
For Lease
Contact for pricing
120 SW Grover St, Portland, OR 97239
Four-story office building in Lair Hill, remodeled in 2017.
Space Size2,296 SF
Property Size22,222 SF
Days on Market209
Property Features for 120 SW Grover St
General Information
Standard status
Active
Size
2,296 SF
Class
B
Property subtype
Office
Building Details
Building Size
22,222 SF
Year Built
1913
Spaces For Lease
at 120 SW Grover St Contact us- Size
- 2,296 SF
- Term
- Negotiable
- Rate
- Contact for pricing
Suite 003 (Sublevel 2)
Listing Agency:
(503) 887-4921
Listed By:
Jeff Valdes
(503) 887-4921
Source:
Corfac
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 22 at 4:01AM
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 Jeff Valdes
Investment Insights
Based on property information with market context.
This four-floor, stand-alone office building is located in the Lair Hill neighborhood. The property was completely remodeled in 2017 and features large windows that provide abundant natural light. The building is 42% leased, leaving two floors available, presenting a potential SBA opportunity. 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 at no charge and is easily expandable. The property is zoned CS (Commercial Storefront). Its central location provides close proximity to OHSU, Downtown, South Waterfront, and the Ross Island Bridge to the Eastside. The property has great ingress and egress.
Key Highlights
- Prime Lair Hill location, centrally located close to OHSU, Downtown, South Waterfront, and Ross Island Bridge.
- SBA opportunity with two floors (42% of building) available for lease.
- Great ingress/egress to Downtown and unique freeway access in all directions.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four-story office building in Lair Hill, remodeled in 2017.
Where is this office building located?
The property is located at 120 SW Grover St Portland, OR.
What are key features of this property?
This property features: Prime Lair Hill location, centrally located close to OHSU, Downtown, South Waterfront, and Ross Island Bridge.; SBA opportunity with two floors (42% of building) available for lease.; Great ingress/egress to Downtown and unique freeway access in all directions.
