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Completely Remodeled Office Building
For Lease
Contact for pricing

3207 SW 1st Ave, Portland, OR 97239

Four-floor stand-alone office building with massive windows, a ground-level outdoor terrace, and CS zoning in Portland.

Space Size2,296 SF
Days on Market518

Property Features for 3207 SW 1st Ave

General Information

Standard status Active
Size 2,296 SF
Property subtype OFFICE
Zoning CS
Occupancy 42%

Space & Availability

Space Use Office
Condition Second Generation

Additional Details

Highway Access Yes

Amenities

massive windows
outdoor terrace

Building Details

Year Renovated 2017
Stories 4
Tenancy Multi

Spaces For Lease

at 3207 SW 1st Ave Contact us

The Vance Building

Floor
1
Size
2,296 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Four-floor, stand-alone building, located in lair hill neighborhood - Massive windows...
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Listing Agency: Capacity Commercial Group
Listed By: Jeff Valdes · License #910700169
Source: Moodyscre
Added: Mar 25, 2025 Changed: Aug 21 Last Checked: Aug 24 at 6:11AM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

Four-floor, stand-alone office building in Portland’s Lair Hill neighborhood, offering massive windows designed for abundant natural light. The building was completely remodeled in 2017 and includes a ground-level outdoor terrace that is included at no charge and can be expanded.

Current occupancy is 42% leased, leaving two floors available for an SBA opportunity. The property is zoned CS (commercial storefront) and is described as having strong ingress/egress to downtown with freeway access in all directions.

The remaining available space includes two floors, supported by the building’s four-floor configuration and large window presence throughout. The terrace provides an outdoor option at ground level for tenant use.

Key Highlights

  • Completely remodeled in 2017
  • Four‑floor, stand‑alone office building in Lair Hill
  • Massive windows for abundant natural light

Property Analytics

Current Use

Western Acceptance LLC Insurance Agency Coast Consulting Business Management Consultant

Suggested Use

Top Pick Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store HVAC Service Locksmith

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

42%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,774
Businesses Nearby

Demographics for 97239, OR

18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value

Market

Lease Benchmarks for Portland, OR

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,474 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Four-floor stand-alone office building with massive windows, a ground-level outdoor terrace, and CS zoning in Portland.
Where is this office building located?
The property is located at 3207 SW 1st Ave Portland, OR.
What are key features of this property?
This property features: Completely remodeled in 2017; Four‑floor, stand‑alone office building in Lair Hill; Massive windows for abundant natural light
(503) 326-9000 Call to check price and availability
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