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Mohawk Mixed-Use Property
New
For Sale
$3,250,000

708-724 Southwest 3rd Avenue, Portland, OR 97204

Ground-floor retail and upper-level offices are combined with underground parking across two connected buildings.

Property Size76,676 SF
Price / SF$42.39
Days on Market3

Property Features for 708-724 Southwest 3rd Avenue

General Information

Standard status Active
Size 76,676 SF
Total Parking Spaces 55
Elevators Yes
Property subtype Office

Site & Location

Neighborhood Portland Downtown
Corner Location Yes
Road Access Yes
Public Transit Yes
Mixed-Use Components retail, office

Additional Details

Property Use Office and Retail

Amenities

MAX Light Rail Frontage
Existing Loading

Building Details

Buildings 2
Construction brick
Listing Agency: CBRE - Portland
Listed By: Graham Taylor · License #01429996
Source: Cbre
Added: Oct 24 Last Checked: Oct 24 at 3:07PM

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 CBRE - Portland

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The Mohawk Building and Mohawk Gallery comprise two integrated buildings totaling approximately 76,676 square feet. The property combines underground parking, ground-floor retail, and office space on the upper floors. Exterior details include red brick and terra cotta, while the buildings also have two elevators, multiple entrances, and existing loading facilities.

The property occupies two corners in downtown Portland’s central business district, with MAX light rail frontage along Morrison and Yamhill. Direct access to Pioneer Place Mall and the surrounding retail district is also noted. The combined offering includes approximately 55 underground parking stalls, dual-street frontage, and signage potential.

Key Highlights

  • Two integrated buildings totaling approximately 76,676 square feet
  • Ground‑floor retail with office space on upper floors
  • Approximately 55 underground parking stalls

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Tanning Salon Nursing Home Veterinary Clinic Buffet Daycare Center Pet Grooming Service

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

12,676
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

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail and upper-level offices are combined with underground parking across two connected buildings.
Where is this mixed-use property located?
The property is located at 708-724 Southwest 3rd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two integrated buildings totaling approximately 76,676 square feet; Ground‑floor retail with office space on upper floors; Approximately 55 underground parking stalls
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