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Redevelopment Opportunity in Central Business District
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731 SW Morrison St, Portland, OR

Rare redevelopment opportunity in Portland's bustling retail core.

Property Size16,605 SF
Lot Size0.12 Acres
Days on Market1082

Property Features for 731 SW Morrison St

General Information

Standard status Active
Size 16,605 SF
Lot size 0.12 Acres
Property subtype OFFICE
Listing Agency: Apex Real Estate Partners
Listed By: Nathan Sasaki
Source: Moodyscre
Added: Aug 17, 2023 Changed: Jul 6 Last Checked: Jul 21 at 6:43AM

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 Apex Real Estate Partners

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

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

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
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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.**
(503) 708-3813 Call to check price and availability
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