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    511 Morrison St Portland, OR 97214

    Sponsored
    For Lease
    $26 SF/Yr ($3,061 /Mo)

    Prime Portland location, 1413 sq ft retail space.

    Lot size:
    1,413 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,413 square foot retail space is available for lease at 511 SE Morrison Street in Portland, Oregon, within Multnomah County. The property is a single-tenant building, offering complete occupancy and control to the lessee. Located in the vibrant city of Portland, this space presents a unique opportunity for businesses seeking a high-visibility location. The building's total square footage is 1,413 square feet, all of which is currently vacant and ready for immediate occupancy. The property is classified as retail commercial space, ideal for a variety of businesses. The address is 511 SE Morrison St, Portland, OR 97214. This prime location offers excellent exposure and accessibility, making it an attractive proposition for businesses looking to establish or expand their presence in the Portland market. The property is situated in a dynamic area with high foot traffic and strong potential for customer engagement. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is ready for immediate lease and offers a blank canvas for a new business venture. The zip code is 97214.

    Property Features for 511 Morrison St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,413 SF
    Total Rate
    3061.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,413 SF
    Rate per SF
    $26

    HighLights

    • 1,413 SF retail space available for lease at 511 SE Morrison St, Portland, OR 97214.
    • Second‑generation, character‑rich space in Portland's Central Eastside neighborhood.
    • Move‑in ready office/service space.
    • Excellent access to Morrison Bridge, I‑5, and downtown Portland; near numerous popular businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Columbia Land Trust Property Management Company

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6603673
    Latitude
    45.5174489

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    FAQs

    What type of property is this?
    Retail property - Prime Portland location, 1413 sq ft retail space.
    Where is this retail property located?
    The property is located at 511 Morrison St Portland, OR.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 1,413 SF retail space available for lease at 511 SE Morrison St, Portland, OR 97214.; Second-generation, character-rich space in Portland's Central Eastside neighborhood.; Move-in ready office/service space.
    Request Owner's contact information
    511 Morrison St Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    511 Morrison St Portland, OR 97214
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