Charming Office Suites with
For Lease
$25 SF/Yr Modified Gross
1607 NE 16Th Ave # PORTLAND Unit 1611, Portland, OR 97232
Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
Space Size952 SF
Days on Market144
Property Features for 1607 NE 16Th Ave # PORTLAND Unit 1611
General Information
Standard status
Active
Property type
Office Spaces
Size
952 SF
Lease Type
Modified Gross
Lease Term
Flexible
Rate Type
Monthly
Listed By:
Kathryn
(503) 997-9035
Added: Apr 14
Investment Insights
Based on property information with market context.
Two commercial spaces are available for rent, each offering 952 square feet, totaling 1904 sq ft. Each unit features three private offices, one bathroom, and a full kitchen. The suites include hardwood floors, a fireplace, and vintage 1947 tile details. Vinyl windows are also present. Each unit includes two tandem parking spaces. The property, built in 1947, retains its vintage charm. The tenant pays directly for electricity, gas, and internet. Water, sewer, garbage, and landscaping costs are pro-rated between the three units at 1603-1611 NE 16th Ave. Central air conditioning is available. The lease type is modified gross, with flexible terms available. The tenant pays 27% of total NNN (Triple Net) per unit. The property is located in the Broadway district with high traffic counts of 11,000 per day. It is suitable for acupuncture, psychotherapy, massage therapy, accounting, insurance, or other professional service businesses. The space is laid out to be bifurcated for subletting if desired. Keyless entry, central air and central heat are included.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,601
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
$25.15 /SF/Yr
Avg Asking Price
$1.71–$180 /SF/Yr
Price Range
16,449 SF
Avg Space Size
This space is priced 1% below the average of $25.15 /SF/Yr.
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office space - Charming Commercial Space for Lease 1607 and 611 NE 16th Ave, Portland
Where is this office space located?
The property is located at 1607 NE 16Th Ave # PORTLAND Unit 1611 Portland, OR.
What is the lease rate?
The lease rate is $25 SF/Yr.
