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Remodeled Four-Floor Office Building
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3207 SW 1st Ave, Portland, OR 97239

Four-floor stand-alone office building remodeled in 2017 with massive windows and a ground-level outdoor terrace.

Space Size2,190 SF
Days on Market1831

Property Features for 3207 SW 1st Ave

General Information

Standard status Active
Size 2,190 SF
Property subtype OFFICE
Zoning CS
Occupancy 42%
Lease Type NNN

Additional Details

Highway Access Yes

Amenities

outdoor terrace

Building Details

Year Renovated 2017
Stories 4
Tenancy Multi

Spaces For Lease

at 3207 SW 1st Ave Contact us

Historic Vance Company Warehouse

Floor
Sublevel 2
Size
2,190 SF
Type
OFFICE
Lease Type
NNN
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: Aug 20, 2021 Changed: Aug 8 Last Checked: Aug 24 at 8:50AM

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.

This four-floor, stand-alone office building at 3207 SW 1st Ave in Portland is completely remodeled (2017) and features massive windows designed to bring in abundant natural light. The property includes ground-level space with an outdoor terrace that is included at no charge and is described as easily expandable. Current occupancy is 42% leased, with two floors available for an SBA opportunity.

The building is positioned in the Lair Hill neighborhood with what’s described as great ingress/egress to downtown and unique freeway access in all directions. Existing tenants have short-term and below-market leases.

The property is zoned CS (commercial storefront), supporting office use within a commercial storefront zoning framework.

Key Highlights

  • Four‑floor, stand‑alone office building in the Lair Hill neighborhood, remodeled in 2017
  • Massive windows throughout for abundant natural light
  • 42% leased with two floors available for an SBA opportunity

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

$21.72 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,129 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 units - Four-floor stand-alone office building remodeled in 2017 with massive windows and a ground-level outdoor terrace.
Where is this office units located?
The property is located at 3207 SW 1st Ave Portland, OR.
What are key features of this property?
This property features: Four‑floor, stand‑alone office building in the Lair Hill neighborhood, remodeled in 2017; Massive windows throughout for abundant natural light; 42% leased with two floors available for an SBA opportunity
(503) 326-9000 Call to check price and availability
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