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Historic Mixed-Use Building with Skylights
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126 SW 2nd Ave, Portland, OR 97204

Renovated downtown mixed-use building with natural light, a ground-floor food hall, and flexible CX- Central Commercial zoning.

Property Size28,898 SF
Days on Market96

Property Features for 126 SW 2nd Ave

General Information

Standard status Active
Size 28,898 SF
Class B
Property subtype Office
Zoning CX - Central Commercial

Building Details

Building Size 28,898 SF
Year Built 1886
Year Renovated 2016
Stories 3
Listing Agency: Norris & Stevens, Inc. - Corporate
Listed By: Duane Link
Source: Tcnworldwide
Added: Jun 2 Changed: Sep 4 Last Checked: Sep 5 at 7:02AM

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 Norris & Stevens, Inc. - Corporate

Investment Insights

Based on property information with market context.

This historic, three-story mixed-use building combines original character with modern upgrades. Interior exposed beams and original brick help define the space, while interior skylights bring in abundant natural light. An interior staircase connects the floors, supporting day-to-day circulation throughout the building. The property underwent extensive renovation in 2016, including a full seismic retrofit, designed to improve long-term durability and performance.

Located in central downtown Portland, the building benefits from an address positioned near major activity and amenities. The property is supported by CX – Central Commercial zoning, allowing a wide range of uses, and the stated FAR is 15:1. A popular ground floor food hall provides an active, hospitality-oriented component within the overall mixed-use configuration. For added convenience, it is a two-minute walk to Tom McCall Waterfront Park.

With its historic design, strong natural-light profile, and flexible CX- zoning, this property is well-suited for operators looking for a centrally positioned mixed-use platform. The ground-floor food hall concept also aligns with tenants and investors seeking to anchor the building with food and beverage activity while supporting complementary uses within the upper levels.

Key Highlights

  • 1886‑built, 3‑story downtown Portland mixed‑use building with exposed beams and original brick interiors
  • 2016 extensive renovation plus full seismic retrofit
  • Interior skylights and an interior staircase connecting the floors

Property Analytics

Current Use

Pine Street Market Restaurant Little Thai Peacock Restaurant Teote Outpost Restaurant La Carreta Pura ... Restaurant Pine Street Taproom Bar & Pub

Suggested Use

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

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

10,936
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated downtown mixed-use building with natural light, a ground-floor food hall, and flexible CX- Central Commercial zoning.
Where is this mixed-use property located?
The property is located at 126 SW 2nd Ave Portland, OR.
What are key features of this property?
This property features: 1886‑built, 3‑story downtown Portland mixed‑use building with exposed beams and original brick interiors; 2016 extensive renovation plus full seismic retrofit; Interior skylights and an interior staircase connecting the floors
More about this property
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