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Retail Space in Mixed-Use Building
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685 SE Belmont St, Portland, OR

Ground floor retail space in a mixed-use building available now.

Space Size870 SF - 2,114 SF
Lot Size0.85 Acres
Days on Market369

Property Features for 685 SE Belmont St

General Information

Standard status Active
Size 870 SF - 2,114 SF
Lot size 0.85 Acres
Property subtype RETAIL

Spaces For Lease

at 685 SE Belmont St Contact us

685 SE Belmont St AVAILABLE, Now

Floor 1
Size 2,114 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Ground Floor Commercial Space in Mixed-Use Building. - Second generation retail/salon space (suite B1) fronting SE Morrison Street. - The Modera community features 200 apartment homes above 11,362 square feet of ground floor retail. - Nearby Tenants include Hat Yai, Pop Pizza, The Portland Girl, Hit the Spot, Skin Suite Medical Aesthetics, Robo Taco, Voicebox, Loyal Legion, River City Bicycles, Afuri, Berlu (coming soon!) and more! - Available now!
Contact us

685 SE Belmont St AVAILABLE, Now

Floor 1
Size 870 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Ground Floor Commercial Space in Mixed-Use Building. - Second generation retail/salon space (suite B1) fronting SE Morrison Street. - The Modera community features 200 apartment homes above 11,362 square feet of ground floor retail. - Nearby Tenants include Hat Yai, Pop Pizza, The Portland Girl, Hit the Spot, Skin Suite Medical Aesthetics, Robo Taco, Voicebox, Loyal Legion, River City Bicycles, Afuri, Berlu (coming soon!) and more! - Available now!
Contact us
Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Ashley Heichelbech · License #200509097
Source: Moodyscre
Added: Oct 16, 2025 Changed: Oct 12 Last Checked: Oct 16 at 8:50AM

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

Rey
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Investment Insights

Based on property information with market context.

This ground floor commercial space is located within a mixed-use building. Specifically, it is a second-generation retail/salon space identified as suite B1, fronting SE Morrison Street. The Modera community encompasses 200 apartment homes situated above 11,362 square feet of ground floor retail. The available space is 870 square feet. The property is located near Hat Yai, Pop Pizza, The Portland Girl, Hit the Spot, Skin Suite Medical Aesthetics, Robo Taco, Voicebox, Loyal Legion, River City Bicycles, and Afuri. Berlu is an upcoming addition to the neighborhood. The space is available now.

Key Highlights

  • High‑traffic location on SE Morrison Street.
  • Ground floor commercial space in a mixed‑use building with 200 apartment homes above.
  • Second generation retail/salon space ready for immediate occupancy.

Property Analytics

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Current Use

Modera Belmont Apartment Complex Lazaris Marketing & Advertising Fire Pit Home Decor Store

Suggested Use

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

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

4,825
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Portland, OR

$23.8 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
25,953 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

Frequently Asked Questions

What type of property is this?
Retail space - Ground floor retail space in a mixed-use building available now.
Where is this retail space located?
The property is located at 685 SE Belmont St Portland, OR.
What are key features of this property?
This property features: High‑traffic location on SE Morrison Street.; Ground floor commercial space in a mixed‑use building with 200 apartment homes above.; Second generation retail/salon space ready for immediate occupancy.
(503) 490-7212 Call to check price and availability
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