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    10 12Th Ave Portland, OR 97209

    Sponsored
    For Lease
    Contact for pricing

    Prime Portland location, multiple units available.

    Lot size:
    17,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail and restaurant opportunity is located in the vibrant Brewery Blocks district of Portland, Oregon, at 10 NW 12th Ave, zip code 97209. The property, formerly Henry's, offers a total of 17,967 square feet of space, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,070 square feet to a maximum contiguous space of 9,845 square feet. This presents a unique chance for businesses seeking flexible space in a high-traffic, desirable area. The property's location within Multnomah County places it in the heart of Portland's bustling downtown core, offering excellent visibility and accessibility. The building's versatile layout is ideal for a variety of retail or restaurant concepts, making it an attractive investment for businesses looking to establish a strong presence in a thriving market. The property is categorized as commercial, offering significant potential for growth and profitability. This is a rare opportunity to secure a substantial space in a prime Portland location. Interested parties should inquire for further details and lease terms.

    Property Features for 10 12Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,967 SF

    Unit(s) available at that property

    Space
    Patio Area
    Size
    1,070 SF
    Space
    Second Floor
    Size
    7,052 SF
    Space
    Ground Floor
    Size
    9,845 SF

    HighLights

    • 17,967 SF retail/restaurant space available for lease in Portland's Brewery Blocks (10 NW 12th Ave, 97209).
    • Second‑generation restaurant/bar or retail space in a historic building, part of the 2006 Brewery Blocks redevelopment.
    • Large, exclusive outdoor seating area available.
    • Strong co‑tenancy with Whole Foods, Powell's City of Books, and other major retailers.
    • Immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Food Market Clothing Store Grocery Store Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6829851
    Latitude
    45.5230822

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland location, multiple units available.
    Where is this restaurant located?
    The property is located at 10 12Th Ave Portland, OR.
    What are key features of this property?
    This property features: 17,967 SF retail/restaurant space available for lease in Portland's Brewery Blocks (10 NW 12th Ave, 97209).; Second-generation restaurant/bar or retail space in a historic building, part of the 2006 Brewery Blocks redevelopment.; Large, exclusive outdoor seating area available.
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    10 12Th Ave Portland, OR 97209
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    Portland, OR 97209
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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
    10 12Th Ave Portland, OR 97209
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