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Central Eastside Retail/Office/Storage Space
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128 NE Broadway Street, Portland, OR 97232

Retail, creative office, and storage spaces in Central Eastside.

Days on Market250

Property Features for 128 NE Broadway Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: Macadam Forbes
Listed By: Seth Platsman · License #OR #201218073
Source: Macadamforbes
Added: Nov 25, 2025 Changed: Jul 10 Last Checked: Aug 2 at 4:19AM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

The Tourtellotte Building, situated in the Central Eastside, offers a mix of retail, creative office, and storage spaces. Metered parking is available on 2nd Avenue and Broadway Street, with free parking located north of NE Broadway Street. The Portland Streetcar provides convenient access, stopping less than a block away at NE Broadway Street & 2nd Avenue. East/west streetcar and bus stops are located on either side of the block, and I-5 is within blocks. The location boasts a Walk Score of 92 and a Bike Score of 100. The Convention Center, Moda Center, Lloyd Center, Pearl District, and Old Town are all within walking distance. The property benefits from outstanding car, streetcar, bus, bike, and pedestrian access. Located in an Opportunity Zone, the property may offer potential tax advantages. Basement storage space is potentially available for rent around the corner on NE 2nd Avenue.

Key Highlights

  • Excellent transportation access via car, streetcar, bus, bike, and pedestrian.
  • Walker's Paradise (Walk Score of 92) and Biker's Paradise (Bike Score of 100).
  • Located in an Opportunity Zone, offering potential tax advantages.

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Building Supply Auto Parts Store Veterinary Clinic Home Appliance Store Furniture & Home Goods (Bike/Boat/Book/etc) 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,257
Businesses Nearby

Demographics for 97232, OR

15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value

Market

Lease Benchmarks for Portland, OR

$17.65 /SF/Yr
Avg Asking Price
$1.23–$32 /SF/Yr
Price Range
79,008 SF
Avg Space Size

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?
Creative space - Retail, creative office, and storage spaces in Central Eastside.
Where is this creative space located?
The property is located at 128 NE Broadway Street Portland, OR.
What are key features of this property?
This property features: Excellent transportation access via car, streetcar, bus, bike, and pedestrian.; Walker's Paradise (Walk Score of 92) and **Biker's Paradise (Bike Score of 100)**.; Located in an Opportunity Zone, offering potential tax advantages.
More about this property
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