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Downtown Lake Oswego Retail/Office Space
For Lease
$30 SF/Yr NNN

101 S State St, Lake Oswego, OR 97034

Remodeled center with retail, office, and restaurant spaces available.

Space Size1,212 SF - 2,731 SF
Property Size102,809 SF
Days on Market203

Property Features for 101 S State St

General Information

Standard status Active
Size 1,212 SF - 2,731 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 102,809 SF
Year Built 1959

Spaces For Lease

at 101 S State St Contact us

Suite 2110 $30/SF/Yr

Size
1,212 SF
Term
Negotiable
Contact us

Suite 5105 $38/SF/Yr

Size
2,731 SF
Type
Neighborhood Center
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Michelle D. Rozakis · License #OR #200512190
Source: Corfac
Added: Jan 26 Changed: Aug 16 Last Checked: Aug 16 at 5:28AM

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.

Located in the heart of downtown Lake Oswego on State Street, this remodeled center offers second-generation office, retail, and restaurant spaces. Anchored by Whole Foods and ACE Hardware, the property is situated steps from retail, dining, and local highlights, near the Lake Oswego Farmers Market, Millennium Park Plaza, and George Rogers Park. Nearby highlights include Lakewood Center for the Arts, Starbucks, St. Honore Bakery, Domaine Serene, and other dining and retail options. Suite 5015 offers 2,731 square feet of second-generation retail/service space with immediate availability, offered at a lease rate of $38 per square foot plus NNN. Suite 3125 provides 1,805 square feet of second-generation office space, available May 2025, at a lease rate of $33 per square foot plus NNN. Suite 3130 features 1,883 square feet of second-generation restaurant/café space with immediate availability, offered at $45 per square foot plus NNN. The property seeks retail, restaurant, service, bakery, taphouse, brewery, and café tenants. Co-tenants include Whole Foods Market, ACE Hardware, Willamette Valley Vineyards, Pure Barre, and other businesses.

Key Highlights

  • Prime Downtown Lake Oswego Location on State St., offering high visibility and foot traffic.
  • Anchored by Whole Foods Market and ACE Hardware, driving consistent customer flow.
  • Diverse suite options available for retail, service, restaurant, and office uses.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Plumbing Service

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

1,528
Businesses Nearby

Demographics for 97034, OR

21,396
Population
9,017
Households
2.4
Avg Household Size
49
Median Age
74%
College-Educated
99%
High-School Grad
7.7 sq mi
ZIP Area
2,779
Density / Sq Mi
$147,688
Median Household Income
$77,500
Median Earnings
$2,030
Median Rent
$995,900
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail property - Remodeled center with retail, office, and restaurant spaces available.
Where is this retail property located?
The property is located at 101 S State St Lake Oswego, OR.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Lake Oswego Location on State St., offering high visibility and foot traffic.; Anchored by Whole Foods Market and ACE Hardware, driving consistent customer flow.; Diverse suite options available for retail, service, restaurant, and office uses.
More about this property
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