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Portland Mercado Retail Opportunity
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7238 SE Foster Rd, Portland, OR 97206

Retail spaces available in the rebuilt Portland Mercado.

Space Size172 SF - 868 SF
Property Size6,028 SF
Days on Market150

Property Features for 7238 SE Foster Rd

General Information

Standard status Active
Size 172 SF - 868 SF
Property subtype Retail, Restaurant

Building Details

Building Size 6,028 SF
Year Built 2026
Tenancy Multiple

Spaces For Lease

at 7238 SE Foster Rd Contact us

103

Size
245 SF
Type
Restaurant, Retail
Availability
Active
Contact us

104

Size
868 SF
Type
Restaurant, Retail
Availability
Active
Contact us

105

Size
633 SF
Type
Restaurant, Retail
Availability
Active
Contact us

106

Size
315 SF
Type
Restaurant, Retail
Availability
Active
Contact us

109

Size
172 SF
Type
Restaurant, Retail
Availability
Active
Contact us

110

Size
228 SF
Type
Restaurant, Retail
Availability
Active
Contact us

201 - Upstairs Bar

Size
617 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Ashley Heichelbech · License #OR 200509097
Source: Crexi
Added: Mar 16 Changed: Aug 8 Last Checked: Aug 10 at 7:39AM

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.

The Portland Mercado, a community destination in the Foster-Powell neighborhood, is being rebuilt after a fire in January 2024. Following reconstruction and planning, the Mercado will continue to serve as a hub for the community. The property, formerly a used car lot along the border of Mt. Scott-Arleta and Foster-Powell neighborhoods, is being transformed into a food and culture destination with numerous updates.

Key Highlights

  • Rebuilt Portland Mercado: A revitalized community destination.
  • Community Hub: Serves as a focal point for the tight‑knit neighborhood.
  • New Construction: Rebuilt with numerous updates after a fire in 2024.

Property Analytics

Current Use

Havana Station Food ... Restaurant Tierra Del Sol ... Restaurant Mathilde's Kitchen Restaurant Yumcakes Bakery Portland Mercado Commissary ... Coworking & Hybrid Office

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Veterinary Clinic

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

1,137
Businesses Nearby

Demographics for 97206, OR

51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail spaces available in the rebuilt Portland Mercado.
Where is this retail space located?
The property is located at 7238 SE Foster Rd Portland, OR.
What are key features of this property?
This property features: Rebuilt Portland Mercado: A revitalized community destination.; Community Hub: Serves as a focal point for the tight‑knit neighborhood.; New Construction: Rebuilt with numerous updates after a fire in 2024.
(503) 274-0211 Call to check price and availability
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