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Built-Out Waterfront Retail Space
For Lease
$24 SF/Yr

841 S Gaines St, Portland, OR 97239

Former fitness-use interiors sit beneath a condominium project alongside established co-tenants and the Portland Streetcar Loop.

Space Size3,915 SF
Property Size7,706 SF
Days on Market8

Property Features for 841 S Gaines St

General Information

Standard status Active
Size 3,915 SF
Property subtype Retail
Lease Term NNN

Additional Details

Space Use Retail

Building Details

Building Size 7,706 SF

Spaces For Lease

at 841 S Gaines St Contact us

170 A $24/SF/Yr

Size
3,915 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Nicholas Diamond · License #WA #25460
Source: Buildout
Added: Aug 26 Changed: Aug 28 Last Checked: Sep 1 at 4:12PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

Retail space is available at 841 S Gaines St in Portland’s South Waterfront District, positioned below the 214 Condominium Project. The interiors are fully built out and were formerly used for fitness operations, providing an existing commercial layout for prospective retail occupants.

Current co-tenants include Wonderful PDX and Pure Barre. The surrounding area includes the Portland Streetcar Loop, Elizabeth Caruthers Park, the South Waterfront Farmers Market, Zaiqa, Blue Star Donuts, and The Growler Guys, placing the property within an active mix of residential, recreational, and neighborhood-oriented destinations.

Key Highlights

  • Fully built‑out retail interiors with former fitness use
  • Located below the 214 Condominium Project
  • Current co‑tenants include Wonderful PDX and Pure Barre

Property Analytics

Current Use

Head Life Media Film Production Atwater Place Condominium Complex Pizza Take-out & Catering Margie Miller, Architect Architect C*Squared Associates LLC Marketing & Advertising

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Barber Shop Pet Grooming Service Grocery & Convenience 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
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,568
Businesses Nearby

Demographics for 97239, OR

18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value

Market

Lease Benchmarks for Portland, OR

$23.8 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
21,927 SF
Avg Space Size

This space is priced 1% above the average of $23.8 /SF/Yr.

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 - Former fitness-use interiors sit beneath a condominium project alongside established co-tenants and the Portland Streetcar Loop.
Where is this retail space located?
The property is located at 841 S Gaines St Portland, OR.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Fully built‑out retail interiors with former fitness use; Located below the 214 Condominium Project; Current co‑tenants include Wonderful PDX and Pure Barre
More about this property
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