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    1478 49Th Ave Portland, OR 97215

    Sponsored
    For Lease
    $28 SF/Yr

    Modern Portland retail space, ideal for various uses.

    Lot size:
    39,603 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail space, located at 1478 SE 49th Ave in Portland, Oregon (zip code 97215), is part of the Meridian Lofts, a new mixed-use building constructed in 2019. The property offers a prime corner location at the intersection of SE Hawthorne Blvd and SE 49th Ave. Currently, 2,590 square feet of retail space is available, with a minimum divisible unit of 1,150 square feet and a maximum contiguous space of 1,440 square feet. The building itself boasts 39,603 total square feet spread across four stories. The space is suitable for a variety of retail or restaurant uses, offering excellent visibility and accessibility. This is a multi-tenant building, providing a vibrant and dynamic environment. The lease rate is $28-30 per square foot, plus NNN charges. Don't miss this opportunity to secure a prominent location in a thriving Portland neighborhood. The property's modern design and prime location make it an exceptional investment opportunity for businesses seeking high visibility and foot traffic. This space is ready for immediate occupancy.

    Property Features for 1478 49Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,603 SF
    Class
    A
    Total Rate
    92407

    Building Details

    Year Built
    2019
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 2 - Inline
    Size
    1,440 SF
    Rate per SF
    $30

    HighLights

    • 1,440 SF ground floor retail/restaurant space in the new Meridian Lofts mixed‑use building.
    • High‑visibility corner location at SE Hawthorne & SE 49th.
    • Located in the heart of Portland's Sunnyside neighborhood on Hawthorne Blvd, a high‑traffic area with 15,000+ vehicles daily and strong pedestrian traffic.
    • Excellent transit access and walkability (Walk Score 87, Bike Score 99), near numerous popular restaurants and businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meridian Lofts Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.61246776059
    Latitude
    45.512003490417

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    FAQs

    What type of property is this?
    Restaurant - Modern Portland retail space, ideal for various uses.
    Where is this restaurant located?
    The property is located at 1478 49Th Ave Portland, OR.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 1,440 SF ground floor retail/restaurant space in the new Meridian Lofts mixed-use building.; High-visibility corner location at SE Hawthorne & SE 49th.; Located in the heart of Portland's Sunnyside neighborhood on Hawthorne Blvd, a high-traffic area with 15,000+ vehicles daily and strong pedestrian traffic.
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    1478 49Th Ave Portland, OR 97215
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    Portland, OR 97215
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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
    1478 49Th Ave Portland, OR 97215
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