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Historic Office Building with Skylights
For Sale
$2,800,000

122 SW 3RD Ave, Portland, OR 97204

CommercialSale, Portland, OR

Property Size4,375 SF
Lot Size0.06 Acres
Price / SF$640
Days on Market280

Property Features for 122 SW 3RD Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning CXD
Directions SW 3rd Ave between SW Ash St and SW Pine St
Subdivision _141
Standard status Active
APN R246040
Size 4,375 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Description PORTLAND, BLOCK 31, N 1/2 OF LOT 6
Tax Annual Amount 11795
Legal Description PORTLAND, BLOCK 31, N 1/2 OF LOT 6

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

spiral staircase
skylights
high ceilings
conference space
kitchen area

Building Details

Year built 1902
Floors in Building 2
Listing Agency: LUXE Forbes Global Properties
Listed By: Vince Cortese
Added: Nov 19, 2025 Changed: Aug 25 Last Checked: Aug 26 at 3:06AM
MLS# 482653781

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1902, this 4,375-square-foot brick office building occupies a 0.06-acre site at 122 SW 3rd Ave in Portland. The interior spans two office floors connected by a spiral staircase and includes multiple offices, a conference room, and a kitchen area. Skylights and high ceilings add natural character to the workspace. Heating is provided by forced air, with central air conditioning for cooling.

The property is in downtown Portland and is positioned near multiple bus lines. Union Station is an 11-minute walk away, while Portland International Airport can be reached by a 21-minute drive. The property is zoned CXD.

Key Highlights

  • 4,375‑square‑foot brick office building on a 0.06‑acre site
  • Constructed in 1902 with skylights and high ceilings
  • Two office floors linked by a spiral staircase

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Buffet Clothing & Fashion Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

12,611
Businesses Nearby

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent

Market

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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Frequently Asked Questions

What type of property is this?
Office building - Brick office property with flexible rooms, transit access, and distinctive architectural details in downtown Portland.
Where is this office building located?
The property is located at 122 SW 3RD Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 4,375‑square‑foot brick office building on a 0.06‑acre site; Constructed in 1902 with skylights and high ceilings; Two office floors linked by a spiral staircase
More about this property
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