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    4111-4131 Hawthorne Blvd Portland, OR 97214

    Sponsored
    For Lease
    $40 SF/Yr

    Prime Portland retail space, 11,407 SF, partial vacancy.

    Lot size:
    11,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 4111-4131 SE Hawthorne Blvd in Portland, Oregon's vibrant Hawthorne district (zip code 97214), offers a unique investment opportunity. The single-building property, totaling 11,407 square feet, was constructed in 1973 and underwent renovations in 2008. Currently, there is 2,930 square feet of vacant space available, previously occupied by a Key Bank branch. This space presents a fantastic opportunity for a variety of uses, including financial services, banking, office space, cafes, or other service-oriented businesses. The property is zoned CS (Portland) and sits within the Mall 205 submarket, specifically the Hawthorne submarket cluster in Multnomah County. The multiple tenancy structure allows for flexibility and potential for diverse income streams. The available 2,930 square foot suite is offered at a lease rate of $40 per square foot, plus NNN charges, with a 30-day notice period. This location benefits from high visibility and foot traffic in a thriving commercial area. The property's history and recent renovations provide a solid foundation for a successful business venture. Serious inquiries are encouraged to explore this compelling opportunity further.

    Property Features for 4111-4131 Hawthorne Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,407 SF
    Total Rate
    38023.33

    Building Details

    Year Built/Renovated
    1973/2008
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 4131
    Size
    2,930 SF
    Rate per SF
    $40

    HighLights

    • 11,407 SF retail building on Hawthorne Blvd in Portland, OR (97214), built in 1973, renovated in 2008.
    • 2,930 SF of vacant space available, previously a Key Bank branch, leasing for $40/SF NNN, 30‑day notice.
    • High‑visibility endcap with on‑site parking and great window frontage.
    • Existing buildout includes private offices, conference room, teller stations, restrooms, breakroom, and IT room.
    • Strong co‑tenancy including Next Level Burger, H&R Block, Hungry Dumpling House, and Graze Craze.
    • Located in a prime Hawthorne district location, shadow‑anchored by New Seasons Market, with nearby amenities such as Powell's Books and McMenamins Bagdad Theater.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    Multnomah
    State
    Oregon
    Longitude
    -122.61994052163
    Latitude
    45.512210064145

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland retail space, 11,407 SF, partial vacancy.
    Where is this restaurant located?
    The property is located at 4111-4131 Hawthorne Blvd Portland, OR.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 11,407 SF retail building on Hawthorne Blvd in Portland, OR (97214), built in 1973, renovated in 2008.; 2,930 SF of vacant space available, previously a Key Bank branch, leasing for $40/SF NNN, 30-day notice.; High-visibility endcap with on-site parking and great window frontage.
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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
    4111-4131 Hawthorne Blvd Portland, OR 97214
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