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Prime Retail Space in Portland

717 SW Alder St, Portland, OR

For Lease
Contact for pricing

Historic building with retail space available for lease.

Space Size977 SF - 3,428 SF
Lot Size0.22 Acres
Days on Market461

Property Features for 717 SW Alder St

General Information

Standard status Active
Size 977 SF - 3,428 SF
Lot size 0.22 Acres
Property subtype RETAIL

Site & Location

Neighborhood Portland Downtown

Spaces For Lease

at 717 SW Alder St Contact us

Alderway Building AVAILABLE, Now

Floor 1
Size 1,393 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in renderings). Includes redesign/replacement of existing storefront glazing, updated signage and new awnings. - Excellent anchor retailer, boutique retail and restaurant opportunity. - Originally built in the early 1900s, this beautiful, historic building features 158,000 SF of class-A office above ground floor retail. - Potential marquee signage opportunity on the corner of Broadway & Alder for anchor retail tenant! - Adjacent and nearby tenants include The Ritz Carlton, Mahler Jewelers (Portland’s premier Rolex dealer), Nordstrom, Mercantile, Wild Fang, Frances May and more.
Contact us

Alderway Building AVAILABLE, Now

Floor 1
Size 3,327 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in renderings). Includes redesign/replacement of existing storefront glazing, updated signage and new awnings. - Excellent anchor retailer, boutique retail and restaurant opportunity. - Originally built in the early 1900s, this beautiful, historic building features 158,000 SF of class-A office above ground floor retail. - Potential marquee signage opportunity on the corner of Broadway & Alder for anchor retail tenant! - Adjacent and nearby tenants include The Ritz Carlton, Mahler Jewelers (Portland’s premier Rolex dealer), Nordstrom, Mercantile, Wild Fang, Frances May and more.
Contact us

Alderway Building AVAILABLE, Now

Floor 1
Size 3,428 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in renderings). Includes redesign/replacement of existing storefront glazing, updated signage and new awnings. - Excellent anchor retailer, boutique retail and restaurant opportunity. - Originally built in the early 1900s, this beautiful, historic building features 158,000 SF of class-A office above ground floor retail. - Potential marquee signage opportunity on the corner of Broadway & Alder for anchor retail tenant! - Adjacent and nearby tenants include The Ritz Carlton, Mahler Jewelers (Portland’s premier Rolex dealer), Nordstrom, Mercantile, Wild Fang, Frances May and more.
Contact us

Alderway Building AVAILABLE, Now

Floor 1
Size 977 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in renderings). Includes redesign/replacement of existing storefront glazing, updated signage and new awnings. - Excellent anchor retailer, boutique retail and restaurant opportunity. - Originally built in the early 1900s, this beautiful, historic building features 158,000 SF of class-A office above ground floor retail. - Potential marquee signage opportunity on the corner of Broadway & Alder for anchor retail tenant! - Adjacent and nearby tenants include The Ritz Carlton, Mahler Jewelers (Portland’s premier Rolex dealer), Nordstrom, Mercantile, Wild Fang, Frances May and more.
Contact us
Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Kathleen Healy · License OR #200308123
Source: Moodyscre
Added: Aug 11, 2025 Changed: Nov 10 Last Checked: Nov 14 at 8:03AM

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 historic building, originally constructed in the early 1900s, offers a retail opportunity. The building features 158,000 square feet of class-A office space above the ground floor retail area. A full-scale redevelopment of the retail facade is planned to start in early 2025, which includes redesign and replacement of the existing storefront glazing, updated signage, and new awnings. The property is suitable for an anchor retailer, boutique retail, or restaurant. There is a potential marquee signage opportunity on the corner of Broadway and Alder for an anchor retail tenant. The property is located adjacent to The Ritz Carlton and near Mahler Jewelers, Nordstrom, Mercantile, Wild Fang, and Frances May. The available retail space is 3,327 square feet.

Key Highlights

  • Full scale retail facade redevelopment starting in 2025.
  • Class‑A office space above ground floor retail in a historic building.
  • Excellent anchor retailer, boutique retail, and restaurant opportunity.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Zelda's Shoe Bar Clothing & Fashion Store

Suggested Use

Top Pick Nursing Home Buffet Tanning Salon Veterinary Clinic Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

13,438
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$23.87 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
25,370 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Portland, OR

$24.41 Jul
$23.8 Aug
$23.62 Sep
$23.38 Oct

Properties on Market for Retail space in Portland

Jul
Aug
Sep
Oct

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 - Historic building with retail space available for lease.
Where is this retail space located?
The property is located at 717 SW Alder St Portland, OR.
What are key features of this property?
This property features: Full scale retail facade redevelopment starting in 2025.; Class‑A office space above ground floor retail in a historic building.; Excellent anchor retailer, boutique retail, and restaurant opportunity.
(503) 880-3033 · Office Call to check price and availability
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