Historic Hotel with Rooftop
For Sale
$4,500,000
203 NW 3rd Avenue, Portland, OR 97209
Historic 62-bed hotel in a renovated four-story brick building with LEED Silver and year-round rooftop spa/sauna.
Property Size11,924 SF
Price / SF$377.39
Days on Market49
Property Features for 203 NW 3rd Avenue
General Information
Standard status
Active
Size
11,924 SF
Property subtype
Land
Financials
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Liquor License
Yes
Building Details
Stories
4
Listing Agency:
Crystal Investment Property
(503) 530-1316
Listed By:
Joseph Kennedy · License #OR #950700057
Source:
Crystalip
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 11 at 5:19AM
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 Crystal Investment Property
Investment Insights
Based on property information with market context.
The Society Hotel – Portland is a 62-bed, independent economy-scale hospitality asset in a historic, four-story, 11,924 SF brick building with an interior-corridor layout. The property has been extensively renovated to achieve LEED Silver certification and offers a flexible room mix, including custom bunkbed accommodations, traditional rooms with shared private baths, and premium ensuite king units.
On-site amenities include a ground-floor cafe and bar with a full liquor license, along with a historic lobby lounge. The building also features a panoramic rooftop deck with a year-round outdoor spa and sauna lounge area. The property is located in a qualified Opportunity Zone, in downtown Portland’s Old Town Chinatown neighborhood, approximately three blocks to Tom McCall Waterfront Park and the River Walk, and within walking distance to Saturday Market and public transportation.
The flexible lodging configuration may support a range of operating models for hospitality operators, or adaptive reuse concepts where dorm-style and ensuite arrangements are desirable. With LEED Silver improvements and multiple on-site guest-oriented amenities, the asset presents a turnkey foundation for an operator seeking a historic, mixed accommodation product in Old Town Chinatown.
On-site amenities include a ground-floor cafe and bar with a full liquor license, along with a historic lobby lounge. The building also features a panoramic rooftop deck with a year-round outdoor spa and sauna lounge area. The property is located in a qualified Opportunity Zone, in downtown Portland’s Old Town Chinatown neighborhood, approximately three blocks to Tom McCall Waterfront Park and the River Walk, and within walking distance to Saturday Market and public transportation.
The flexible lodging configuration may support a range of operating models for hospitality operators, or adaptive reuse concepts where dorm-style and ensuite arrangements are desirable. With LEED Silver improvements and multiple on-site guest-oriented amenities, the asset presents a turnkey foundation for an operator seeking a historic, mixed accommodation product in Old Town Chinatown.
Key Highlights
- 62‑bed independent hotel in a 4‑story, 11,924 SF historic brick building in downtown Portland’s Old Town Chinatown neighborhood
- Extensively renovated and certified LEED Silver
- Flexible room mix includes custom bunkbeds, traditional rooms with shared private baths, and premium ensuite king units
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
11,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Historic 62-bed hotel in a renovated four-story brick building with LEED Silver and year-round rooftop spa/sauna.
Where is this hotel located?
The property is located at 203 NW 3rd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 62‑bed independent hotel in a 4‑story, 11,924 SF historic brick building in downtown Portland’s Old Town Chinatown neighborhood; Extensively renovated and certified LEED Silver; Flexible room mix includes custom bunkbeds, traditional rooms with shared private baths, and premium ensuite king units
