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Renovated Lobby Office Building
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321 SW 4th Ave, Portland, OR 97204

Renovated lobby and elevators with natural light and operable windows, plus bike parking, showers, and storage.

Space Size1,177 SF
Days on Market1369

Property Features for 321 SW 4th Ave

General Information

Standard status Active
Size 1,177 SF
Elevators Yes
Property subtype OFFICE
Lease Type Full Service

Amenities

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

Spaces For Lease

at 321 SW 4th Ave
321 SW 4th Ave $22/SF/Yr
Floor 5
Size 1,177 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
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Listing Agency: Colliers | Portland
Listed By: J.T. Sand
Source: Moodyscre
Added: Jan 19, 2023 Changed: Oct 2 Last Checked: Oct 19 at 8:55AM

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.

Office building space totals 1,177 SF and is situated in a historic downtown property. The lobby and elevators have been renovated, and the space offers natural light with operable windows. Bike parking and showers are available, and storage is offered for tenant use.

The building has an on-site landlord. There is also an ability to expand within the landlord’s downtown portfolio, which can be helpful for growing teams seeking additional space over time.

Overall, the combination of renovated common areas, operable-window daylighting, and practical tenant amenities like storage and bike facilities supports day-to-day office operations.

Key Highlights

  • 1,177 SF office building space
  • Renovated lobby and elevators
  • Natural light with operable windows

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
$3.30 /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 26% 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 natural light and operable windows, plus bike parking, showers, and storage.
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 $22 SF/Yr.
What are key features of this property?
This property features: 1,177 SF office building space; Renovated lobby and elevators; Natural light with operable windows
(503) 542-5896 Call to check price and availability
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