Listing Agency: Apex Real Estate Partners Show Phone

Listed By: Nathan Sasaki Show Phone

Source: Moodyscre

Added: Aug 17, 2023 Changed: Sep 5 Last Checked: Sep 16 at 7:28PM

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Investment Insights

Based on property information with market context.

This property presents a redevelopment opportunity in the central business district. The building, constructed in 1911, offers historic charm and the potential for reinvention. The building has a total area of approximately 16,605 square feet, including a lower level with approximately 6,923 square feet, a ground level with approximately 5,000 square feet, and a second level with approximately 4,682 square feet. A mezzanine level adds approximately 1,227 square feet. The building spans three stories, and is served by an elevator to all levels. The land size is approximately 5,000 square feet, or approximately 0.11 acres. Zoned CX – Central Commercial, the site allows a maximum height of 460 feet and a FAR of 12:1 (3:1 bonusable).

Key Highlights

• Prime location in the central business district, across from Nordstrom.
• Redevelopment opportunity to create a downtown Portland destination.
• Significant building size: ± 16,605 sf total.

Property Analytics

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Current Use

Retail space

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.

Location Intelligence

Trade Area within ½ mile

13,438

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Rare redevelopment opportunity in Portland's bustling retail core.

Where is this retail space located?

The property is located at 731 SW Morrison St Portland, OR.

What are key features of this property?

This property features: Prime location in the central business district, across from Nordstrom.; Redevelopment opportunity to create a downtown Portland destination.; Significant building size: **± 16,605 sf total.**