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Retail Space with Tea Shop Build-Out
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540 SW College Street, Portland, OR 97201

Ground-floor retail suite with food-service infrastructure in a LEED Gold student housing property.

Space SizeContact for details
Property Size371,113 SF
Days on Market6

Property Features for 540 SW College Street

General Information

Standard status Active
Size 371,113 SF
Property subtype Retail

Building Details

Building Size 371,113 SF
Listing Agency: Norris & Stevens, Inc. - Corporate
Listed By: Luis Martin del Campo
Source: Tcnworldwide
Added: Aug 2 Changed: Aug 3 Last Checked: Aug 7 at 1:25AM

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 Norris & Stevens, Inc. - Corporate

Investment Insights

Based on property information with market context.

Ground-floor retail space is configured with a second-generation tea shop build-out and select food-service infrastructure, including floor drains and a mop sink. The suite is located within a LEED Gold-certified, 16-story student housing building and is offered for lease.

The property sits across the street from Portland State University, which has ± 26K students. Neighboring businesses include Einstein Bros Bagels, Wells Fargo, and Chipotle Mexican Grill, creating an established mix of food service and retail uses around the space.

Key Highlights

  • Second‑generation tea shop build‑out
  • Floor drains and mop sink included
  • Ground‑floor retail in a LEED Gold‑certified 16‑story student housing building

Property Analytics

Current Use

PizzaWingsRocknRoll PSU Take-out & Catering LoveVerona Pizza&Pasta DownTown Restaurant

Suggested Use

Top Pick Auto Parts Store Pet Grooming Service Locksmith Veterinary Clinic Butcher Tanning Salon

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

6,758
Businesses Nearby

Demographics for 97201, OR

17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value

Market

Lease Benchmarks for Portland, OR

$24.41 /SF/Yr
Avg Asking Price
$15–$42 /SF/Yr
Price Range
21,653 SF
Avg Space Size

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor retail suite with food-service infrastructure in a LEED Gold student housing property.
Where is this retail space located?
The property is located at 540 SW College Street Portland, OR.
What are key features of this property?
This property features: Second‑generation tea shop build‑out; Floor drains and mop sink included; Ground‑floor retail in a LEED Gold‑certified 16‑story student housing building
More about this property
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