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Mixed-Use Retail and Residential Building
For Sale
$1,149,000

1221 Southwest 10th Avenue, Portland, OR 97205

Mixed-use building featuring retail space with triple-net leases anchored by Portland Art Museum.

Property SizeContact for details
Days on Market44

Property Features for 1221 Southwest 10th Avenue

General Information

Standard status Active
Property subtype Retail

Additional Details

Business Included No

Building Details

Tenancy Multi
Listing Agency: CBRE | Portland
Listed By: Megan Wallachy · License #OR Lic. #200603442
Source: Cbre
Added: Jul 27 Changed: Sep 6 Last Checked: Sep 7 at 5:13AM

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 CBRE | Portland

Investment Insights

Based on property information with market context.

This mixed-use building is designed to combine retail and residential components, with income supported by existing triple-net leases. Portland Art Museum and Canoe are identified as tenants on NNN lease structures, with reimbursement of building expenses including taxes, insurance, and maintenance.

The property is described as adjacent to Safeway and located amid popular downtown retail. Public remarks indicate the Portland Art Museum provides a stable income stream while supporting efforts to establish retail activity at the site.

The offering is positioned as a mixed-use asset with established NNN tenancy tied to the museum and another tenant listed in the remarks.

Key Highlights

  • Mixed‑use building with retail space and residential components
  • Triple‑net leases in place with Portland Art Museum and Canoe
  • Portland Art Museum provides stable income that helps offset building expenses

Property Analytics

Current Use

Eliot Tower Condominium Complex Powered by Tea ... Industrial Manufacturer Howell Health Law ... Law Firm Weekday Emblem Furniture & Home Goods Elliot Tower Condominium Complex

Suggested Use

Top Pick Butcher Buffet (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Nursing Home

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

12,785
Businesses Nearby

Demographics for 97205, OR

8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building featuring retail space with triple-net leases anchored by Portland Art Museum.
Where is this mixed-use property located?
The property is located at 1221 Southwest 10th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Mixed‑use building with retail space and residential components; Triple‑net leases in place with Portland Art Museum and Canoe; Portland Art Museum provides stable income that helps offset building expenses
More about this property
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