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    1120 21St Ave Portland, OR 97209

    Sponsored
    For Lease
    Contact for pricing

    2,913 SF, Updated, High Visibility

    Lot size:
    2,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,913-square-foot retail storefront, located at 1120 NW 21st Ave in Portland, Oregon, presents a unique investment opportunity. Built in 1924 and extensively renovated in 2020-2021, the property boasts a warm-shell interior featuring expansive storefront windows, exposed ceilings, and abundant natural light from multiple skylights. The single-tenant space enjoys high visibility due to its corner location on bustling NW 21st Avenue, ensuring significant street frontage and exposure for any business. Its strategic position along the Streetcar line at the intersection of NW 21st and Northrup provides easy access to public transportation. The property's convenient location offers proximity to I-405, a large residential population (apartments, condos, and homes), and a vibrant mix of restaurants, entertainment venues, and shopping options. The property is zoned CM2 (Commercial Mixed-Use) in Multnomah County and includes on-site parking shared with a strong co-tenant, Sherwin Williams. Modern upgrades include HVAC and seismic improvements. This is a rare opportunity to acquire a well-located, updated retail space in a thriving Portland neighborhood. The property features one story and is situated in the 97209 zip code.

    Property Features for 1120 21St Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,913 SF

    Building Details

    Year Built/Renovated
    1924/2021
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,913 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Paint Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6943172
    Latitude
    45.5310805

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    FAQs

    What type of property is this?
    Individual retail property - 2,913 SF, Updated, High Visibility
    Where is this individual retail property located?
    The property is located at 1120 21St Ave Portland, OR.
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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
    1120 21St Ave Portland, OR 97209
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