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Prime Retail Space in Portland
For Lease
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717 SW Alder St, Portland, OR

Historic building with retail space available for lease.

Space Size977 SF - 3,428 SF
Lot Size0.22 Acres
Days on Market368

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

Spaces For Lease

at 717 SW Alder St Contact us

Alderway Building

Floor
1
Size
1,393 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in...
show more
Contact us

Alderway Building

Floor
1
Size
3,327 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in...
show more
Contact us

Alderway Building

Floor
1
Size
3,428 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in...
show more
Contact us

Alderway Building

Floor
1
Size
977 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Full scale redevelopment of the retail facade starting early 2025 (as shown in...
show more
Contact us
Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Kathleen Healy · License #200509097
Source: Moodyscre
Added: Aug 11, 2025 Changed: Aug 8 Last Checked: Aug 12 at 11:04AM

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.

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

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

Market

Lease Benchmarks for Portland, OR

$23.65 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
21,687 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
Rey
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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 Call to check price and availability
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