Listing Agency: CBRE | Portland a***@cbre.com Show Phone

Listed By: Austin Cain · License #200305153 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 21 Last Checked: Aug 23 at 7:34AM

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Investment Insights

Based on property information with market context.

This Class A retail space is located in the Elliot Tower, an 18-story building with 223 residential condos. Situated in the Cultural District on the corner of SW 10th and Jefferson, the property is within walking distance of Portland State University, the downtown Safeway, and the Portland Art Museum. The location is intended to attract building residents and visitors.

Key Highlights

• Located in the Cultural District at SW 10th and Jefferson.
• Class A Downtown Retail Space.
• Located in Elliot Tower with 223 residential condos.

Property Analytics

Property Profile

Current Use

Nearby Storage Units ... Storage Facility Emergency Neighborhood Exterminators Garden Center

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

12,785

Businesses Nearby

Explore this area Business Placement

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

Lease Benchmarks for Portland, OR

$23.6 /SF/Yr

Avg Asking Price

$12–$38 /SF/Yr

Price Range

24,336 SF

Avg Space Size

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?

Retail space - Class A retail space in a vibrant downtown location.

Where is this retail space located?

The property is located at 1241 Southwest 10th Avenue Portland, OR.

What are key features of this property?

This property features: Located in the Cultural District at SW 10th and Jefferson.; Class A Downtown Retail Space.; Located in Elliot Tower with 223 residential condos.