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Mixed-Use Office and Retail Building
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502-540 SE Morrison St, Portland, OR 97214

Historic 12-story building offers office and retail space with high ceilings and expansive window lines.

Space Size4,162 SF
Days on Market1288

Property Features for 502-540 SE Morrison St

General Information

Standard status Active
Size 4,162 SF
Property subtype RETAIL

Spaces For Lease

at 502-540 SE Morrison St Contact us

Weatherly Bldg

Floor
1
Size
4,162 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- The weatherly is a mixed-use office/retail 12 story historic building located at...
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Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Ashley Heichelbech · License #200509097
Source: Moodyscre
Added: Jan 31, 2023 Changed: Aug 8 Last Checked: Aug 11 at 1:48PM

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 Commercial Realty Advisors Northwest LLC

Investment Insights

Based on property information with market context.

The Weatherly is a historic, mixed-use 12-story building with office and retail space. The property features high ceilings and expansive window lines, and the landlord is currently undertaking a new lobby and building renovations while providing space improvements for incoming ground floor commercial tenants.

Convenient access is available to I-5 and I-84, with proximity to the downtown CBD. On-site parking is offered with hourly, daily, and monthly paid parking options.

This building is positioned as a gateway location within the central eastside and is adjacent to the Morrison Bridge, creating a practical setting for ground floor retail and office use.

Key Highlights

  • Historic 12‑story mixed‑use office/retail building at the gateway to the Central Eastside, adjacent to the Morrison Bridge
  • Convenient access to I‑5, I‑84, and the downtown CBD
  • On‑site parking available with hourly/daily/monthly paid parking options

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Veterinary Clinic Tanning Salon Supermarket Buffet

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

Location Intelligence

Trade Area within ½ mile

5,064
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
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?
Mixed-use property - Historic 12-story building offers office and retail space with high ceilings and expansive window lines.
Where is this mixed-use property located?
The property is located at 502-540 SE Morrison St Portland, OR.
What are key features of this property?
This property features: Historic 12‑story mixed‑use office/retail building at the gateway to the Central Eastside, adjacent to the Morrison Bridge; Convenient access to I‑5, I‑84, and the downtown CBD; On‑site parking available with hourly/daily/monthly paid parking options
(503) 490-7212 Call to check price and availability
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