Historic Restaurant Building with Stained
For Lease
Contact for pricing
537 SE Alder St, Portland, OR 97214
Historic structure features exposed brick and timber with stained glass and outdoor space opportunity.
Space Size18,248 SF
Days on Market718
Property Features for 537 SE Alder St
General Information
Standard status
Active
Size
18,248 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Buckman Community Association
Amenities
stained glass
Building Details
Construction
brick and timber
Spaces For Lease
at 537 SE Alder St
The Sphynx Building
AVAILABLE, Now
Floor
Bldg
Size
18,248 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
This stunning historic property in Portland’s Central Eastside features
exposed brick and timber, beautiful stained glass and an amazing
opportunity for outdoor space; this property is for sale or for lease. The
current owner has completed demolition of the former build out and has permit ready drawings for a large scale renovation. This offering is perfect for an event space, restaurant and bar and/or creative space projects.
Contact us
Listing Agency:
Urban Works Real Estate
(503) 228-3080
Listed By:
Charlotte Larson
(503) 228-3165
Source:
Moodyscre
Added: Nov 11, 2024
Changed: Oct 25
Last Checked: Oct 28 at 10:26AM
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 Urban Works Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic property in the Central Eastside presents exposed brick and timber finishes along with stained glass elements. The former build-out has been demolished, and the current owner has permit-ready drawings for a large-scale renovation. The offering is positioned for an outdoor space component.
The property is located at 537 SE Alder St in Portland, Oregon and is available for lease.
The owner indicates the space is intended to support event space, restaurant and bar, and creative space concepts, depending on the renovation plan.
The property is located at 537 SE Alder St in Portland, Oregon and is available for lease.
The owner indicates the space is intended to support event space, restaurant and bar, and creative space concepts, depending on the renovation plan.
Key Highlights
- Historic property on Portland’s Central Eastside with exposed brick and timber finishes
- Stained glass features throughout
- Demolition of the former build‑out has been completed by the current owner
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,064
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, OR
$20.78 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
10,569 SF
Avg Space Size
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Creative space - Historic structure features exposed brick and timber with stained glass and outdoor space opportunity.
Where is this creative space located?
The property is located at 537 SE Alder St Portland, OR.
What are key features of this property?
This property features: Historic property on Portland’s Central Eastside with exposed brick and timber finishes; Stained glass features throughout; Demolition of the former build‑out has been completed by the current owner
