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Downtown Mixed-Use Office and Retail
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425 SW Washington St, Portland, OR 97205

Two conjoining buildings provide ground-floor retail with office space above, including a podium over an underground parking garage.

Property SizeContact for details
Days on Market123

Property Features for 425 SW Washington St

General Information

Standard status Active
Property subtype Office

Amenities

open-air plaza
Listing Agency: Menashe Properties
Listed By: Ross Kelley · License #OR
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 9:44AM

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 Menashe Properties

Investment Insights

Based on property information with market context.

The Washington Center consists of two conjoining buildings built to support a mixed-use configuration in the downtown core. The half-block includes a two-story podium retail plaza over an underground parking garage, with an open-air plaza and a grand staircase located at the SE corner of SW Washington and SW 4th Avenue.

The quarter block features ground-level retail with five floors of office space above the mezzanine. The site is positioned with easy MAX light rail access and bus access, and it is near the Morrison Bridge, which serves as an artery connecting the downtown core to close-in east side neighborhoods.

For buyers evaluating redevelopment or repositioning in a central business district setting, this property offers a clear mixed-use footprint spanning street-level retail and multi-story office space within two connected structures.

Key Highlights

  • Two conjoining buildings with ground‑floor retail and office space above
  • Half‑block site includes a two‑story podium retail plaza over an underground parking garage
  • Half‑block building features an open‑air plaza and a grand staircase at the SE corner of SW Washington and SW 4th Avenue

Property Analytics

Current Use

English courses in Portland ... Tutoring Service The Side Door Cafe & Coffee Shop

Suggested Use

Top Pick Veterinary Clinic Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Buffet Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12,966
Businesses Nearby

Demographics for 97205, OR

8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office building - Two conjoining buildings provide ground-floor retail with office space above, including a podium over an underground parking garage.
Where is this office building located?
The property is located at 425 SW Washington St Portland, OR.
What are key features of this property?
This property features: Two conjoining buildings with ground‑floor retail and office space above; Half‑block site includes a two‑story podium retail plaza over an underground parking garage; Half‑block building features an open‑air plaza and a grand staircase at the SE corner of SW Washington and SW 4th Avenue
More about this property
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