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Historic Downtown Office Building
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321 SW 4th Ave, Portland, OR 97204

Renovated lobby and elevators with operable windows providing great natural light, plus on-site landlord support.

Space Size2,034 SF
Days on Market1369

Property Features for 321 SW 4th Ave

General Information

Standard status Active
Size 2,034 SF
Elevators Yes
Property subtype OFFICE
Lease Type Full Service

Amenities

bike parking
showers
storage

Spaces For Lease

at 321 SW 4th Ave
321 SW 4th Ave $15 – $16/SF/Yr
Floor 3
Size 2,034 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- Historic Downtown building - Renovated lobby and elevators - Bike parking and showers - Storage available - Great natural light/operable windows - Landlord on site - Ability to expand within Landlord’s downtown portfolio - Locally owned and managed
Contact us
Listing Agency: Colliers | Portland
Listed By: J.T. Sand
Source: Moodyscre
Added: Jan 19, 2023 Changed: Oct 14 Last Checked: Oct 19 at 5:54AM

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 Colliers | Portland

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Investment Insights

Based on property information with market context.

This historic downtown office building offers a renovated lobby and elevators. Interior spaces feature operable windows designed to provide great natural light. Amenities include bike parking with showers, and storage is available for tenant use. The landlord is locally owned and managed and also appears to be on site.

The property is positioned in downtown, with the stated ability to expand within the landlord’s downtown portfolio.

For tenants seeking a maintained, light-filled office setting with practical support amenities like bike facilities and storage, the building’s core improvements focus on day-to-day usability and building access.

Key Highlights

  • Historic Downtown building with renovated lobby and elevators
  • Operable windows provide natural light throughout the building
  • On‑site landlord support

Property Analytics

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Current Use

Ramboll Environmental Consultant City center parking Parking Lot & Garage Mesch Capital Management Advertising Agency Emerick Architects Architecture Firm Grinfas Dan Law Firm

Suggested Use

Top Pick Buffet Tanning Salon Nursing Home Veterinary Clinic Clothing & Fashion Store (Bike/Boat/Book/etc) 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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,961
Businesses Nearby

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Portland, OR

$29.78 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
30,493 SF
Avg Space Size

This space is priced 50% below the average of $29.78 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office building - Renovated lobby and elevators with operable windows providing great natural light, plus on-site landlord support.
Where is this office building located?
The property is located at 321 SW 4th Ave Portland, OR.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Historic Downtown building with renovated lobby and elevators; Operable windows provide natural light throughout the building; On‑site landlord support
(503) 542-5896 Call to check price and availability
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