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One-Story Retail Center
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Pending

1520 SE 32nd Ave, Portland, OR 97214

Fully occupied one-story retail center with six tenants and Hawthorne Blvd frontage.

Property Size8,425 SF
Days on Market122

Property Features for 1520 SE 32nd Ave

General Information

Standard status Pending
Size 8,425 SF
Property subtype Retail
Zoning CM2
Occupancy 100%

Building Details

Stories 1
Tenancy Multi
Listing Agency: Northmarq
Listed By: Scott Frank · License #WA 4472
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 1:42PM

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 Northmarq

Investment Insights

Based on property information with market context.

The 32nd and Hawthorne Retail Center is a fully occupied, one-story retail center with six retail tenants. The property contains approximately 8,425 square feet of retail space and is configured as a multi-tenant center with storefront frontage on Hawthorne Blvd.

Located in Portland’s Hawthorne District, the center benefits from a walkable, retail-oriented neighborhood character with nearby daily-needs amenities such as coffee shops and restaurants.

The property is designated CM2 zoning, which permits the ability to go vertical up to four or five stories, offering potential value-add considerations for an investor.

Key Highlights

  • Fully occupied one‑story retail center with six retail tenants
  • 8,425 SF retail building with Hawthorne Blvd frontage
  • Retail center located in Portland’s Hawthorne District

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Travel Agency Grocery & Convenience Store Auto Parts 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.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,341
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied one-story retail center with six tenants and Hawthorne Blvd frontage.
Where is this shopping center located?
The property is located at 1520 SE 32nd Ave Portland, OR.
What are key features of this property?
This property features: Fully occupied one‑story retail center with six retail tenants; 8,425 SF retail building with Hawthorne Blvd frontage; Retail center located in Portland’s Hawthorne District
(503) 952-0700 Call to check price and availability
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