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    1111 Washington St Portland, OR 97205

    Sponsored
    For Lease
    Contact for pricing

    Prime Portland location, 4,399 sq ft storefront.

    Lot size:
    35,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,399 square foot retail space is situated in Portland's vibrant West End neighborhood, a bustling area known for its high foot traffic and diverse clientele. The property is part of a larger 35,232 square foot building constructed in 1923 and features a storefront with a mezzanine level, offering versatile layout options. This second-generation retail space presents a unique opportunity for businesses seeking a prominent location within a thriving commercial district. The building enjoys an unparalleled location, surrounded by a concentration of high-end hotels, including The Ritz-Carlton, and is in close proximity to numerous popular establishments such as Bamboo Sushi, Nuvrei Cafe, Cheryl's, Mark Spencer Hotel, Powell's City of Books, Ace Hotel, Hyatt Centric Hotel, Jake's Famous Crawfish, and Patagonia. The soon-to-open Milworks further enhances the area's appeal. Convenient public parking is readily available, including the new 11W parking garage directly across the street on SW 12th Avenue. The location boasts exceptional walkability and bikeability, reflected in its Bike Score of 100 and Transit Score of 93, ensuring easy access for employees and customers alike. This is a rare opportunity to establish a business in one of Portland's most desirable and high-traffic retail areas. The space is currently available for lease.

    Property Features for 1111 Washington St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,232 SF

    Building Details

    Year Built
    1923

    Unit(s) available at that property

    Space
    1111 SW Washington
    Size
    4,399 SF

    HighLights

    • Retail storefront and mezzanine space totaling 35,232 square feet.
    • One 4,399 square foot retail space available for lease.
    • Located in Portland's vibrant West End, near numerous hotels, including The Ritz‑Carlton.
    • Strong surrounding tenancy including high‑profile restaurants, retailers, and hotels.
    • Excellent walkability and public transit access (Bike Score 100, Bike Score 93, Transit Score 93), with convenient parking nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    West End Bikes Bicycle Shop

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop 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
    -122.68283025634
    Latitude
    45.521742106231

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    FAQs

    What type of property is this?
    Individual retail property - Prime Portland location, 4,399 sq ft storefront.
    Where is this individual retail property located?
    The property is located at 1111 Washington St Portland, OR.
    What are key features of this property?
    This property features: Retail storefront and mezzanine space totaling 35,232 square feet.; One 4,399 square foot retail space available for lease.; Located in Portland's vibrant West End, near numerous hotels, including The Ritz-Carlton.
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    Portland, OR 97205
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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
    1111 Washington St Portland, OR 97205
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