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Two-Story Brick Office Building
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2627 NE M L King Blvd, Portland, OR 97212

Restored 1910 office building offering three 3,500 SF spaces, including street-level retail and basement shop/storage.

Property Size3,500 SF
Lot Size0.32 Acres
Days on Market620

Property Features for 2627 NE M L King Blvd

General Information

Standard status Active
Size 3,500 SF
Class C
Total Parking Spaces 15
Lot size 0.32 Acres
Property subtype RETAIL

Additional Details

Office Units 1

Amenities

exposed brick
wood floors
old growth beams
skylights
exterior windows

Building Details

Year Built 1910
Stories 2
Construction brick
Tenancy Multi
Listing Agency: NAI Elliott
Listed By: Justin Darling
Source: Moodyscre
Added: Nov 20, 2024 Changed: Jul 28 Last Checked: Aug 2 at 11:40AM

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 NAI Elliott

Investment Insights

Based on property information with market context.

This exceptionally restored two-story brick building was constructed in 1910 and blends original character with modernized upgrades, including a full seismic upgrade. Interior features include exposed brick, wood floors, old growth beams, and skylights, along with exterior windows. Off-street parking is available, and the property includes space options at the second floor (creative office), street level (retail), and basement level (shop/storage), with each listed at 3,500 SF.

The building is located in the Albina District on MLK and Russell, around the corner from Wonder Ballroom, with nearby local retailers and restaurants.

The property is set up with a two-story configuration and offers flexible use across creative office, street-level retail, and basement shop/storage space, supported by the building’s restored architectural details and on-site parking.

Key Highlights

  • Restored 1910 two‑story brick building with exposed brick, wood floors, and old‑growth beams
  • Full seismic upgrade and modernized improvements throughout
  • 3,500 SF second‑floor creative office plus 3,500 SF street‑level retail and 3,500 SF basement shop/storage

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Locksmith Carpet & Flooring 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.

Lease Details

1
Office units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,756
Businesses Nearby

Demographics for 97212, OR

26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
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
Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Restored 1910 office building offering three 3,500 SF spaces, including street-level retail and basement shop/storage.
Where is this creative space located?
The property is located at 2627 NE M L King Blvd Portland, OR.
What are key features of this property?
This property features: Restored 1910 two‑story brick building with exposed brick, wood floors, and old‑growth beams; Full seismic upgrade and modernized improvements throughout; 3,500 SF second‑floor creative office plus 3,500 SF street‑level retail and 3,500 SF basement shop/storage
(503) 457-2990 Call to check price and availability
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