1237 Southwest 10Th Ave Portland, OR 97205
Prime retail space with long-term tenant in downtown Portland.
Property Features for 1237 Southwest 10Th Ave
General Information
- Standard status
- Active
Source:
Cbre
Listing Agent: Megan Wallachy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Eliot Tower Retail Condominium Unit
Located in the heart of Portland’s Central Business District, the Eliot Tower condominium unit R2 offers approximately 4,789 square feet of prime retail space. The Eliot Tower is an 18-story modern condominium high-rise constructed in 2006 that integrates retail and residential uses, featuring street-level retail complemented by 223 condominium homes above. The property is LEED certified. The property is well situated in the middle of the CBD next door to Safeway and less than half a mile from the 44 acre Portland State University Campus teaching more than 21,000 students. The property is located just west of the city park blocks on Jefferson Street and sandwiched between SW 10th and SW 11th Avenue with close proximity to Interstate 405 and Highway 26 Interchange. The property houses the Portland Art Museum’s rental sales gallery, with a remaining vacancy of 1,601 square feet. Portland Art Museum and Canoe operate under NNN leases, while Harris & Tailor operates under a gross lease on a month to month term. The Portland Art Museum benefits from tax-exempt status for its leased space. The Eliot Tower enjoys exceptional walkability with a score of 99/100, a transit score of 95/100, and a bike score of 93/100. Portland Art Museum is currently undergoing an $11M Campus Transformation that will include an entrance on 10th street from their original building located directly across the street from the subject property. This entrance will provide seamless connection between the two buildings, encourage increased foot traffic to The Eliot, and secure the need to renew the Lease for Portland Art Museum in this location.
Location Intelligence
Current Use by Public Records
Rental Sales Gallery, ...
Art Gallery
Marcy Baker
Art Gallery
Patricia Schmidt
Artist
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6845773
- Latitude
- 45.5165207
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FAQs
What type of property is this?
Retail space - Prime retail space with long-term tenant in downtown Portland.
Where is this retail space located?
The property is located at 1237 Southwest 10Th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: - Prime Retail Space with Income: Approximately 4,789 sq ft leased to Portland Art Museum providing stable income, plus 1,601 sq ft of vacancy for owner-user.; - Strategic Downtown Location: Exceptional walkability, transit, and bike scores, near Safeway and Portland State University.; - NNN Leases: Existing NNN leases with Portland Art Museum and Canoe ensure reimbursement of building expenses.
