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    255 10Th Ave Portland, OR 97209

    Sponsored
    For Lease
    $37 SF/Yr

    Prime Portland Retail & Restaurant Space

    Lot size:
    199,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use building, The Gossamer, located at 255 NW 10th Ave in Portland, Oregon's vibrant Pearl District, offers a unique opportunity for retail and restaurant businesses. Built in 2020, the 199,000 square foot building features multiple tenancies, with spaces ranging from a minimum of 1,915 square feet to a maximum contiguous space of 3,198 square feet. Currently, 5,113 square feet of space is available. One immediately available suite, totaling 1,915 square feet, is ideal for retail or service-based businesses and is listed at $38 per square foot, NNN. Another suite, perfect for a restaurant or café, offers 3,198 square feet and is available in 30 days at a rate of $37 per square foot, NNN. The building's modern design and prime location within the bustling Pearl District provide unparalleled visibility and access to a high-density population of residents and visitors. This is an exceptional opportunity to establish a presence in one of Portland's most sought-after commercial areas. The zip code is 97209. Please note that one suite is currently leased to Orangetheory. This property presents a rare chance to secure a prominent space in a thriving, dynamic neighborhood.

    Property Features for 255 10Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    199,000 SF
    Total Rate
    613583.33

    Building Details

    Year Built
    2020

    Unit(s) available at that property

    Space
    Suite 3
    Size
    1,915 SF
    Rate per SF
    $38
    Space
    Suite 1
    Size
    3,198 SF
    Rate per SF
    $37

    HighLights

    • Ground‑floor retail space available for lease.
    • Ideal for restaurant, café, retail, service, or medical tenants.
    • High visibility with extensive frontage on NW 10th, NW Davis, and NW Everett Streets, offering excellent signage opportunities.
    • Located in a new mixed‑use building with 204 apartment units.
    • Prime Pearl District location with high foot traffic and visibility near numerous restaurants and retailers.
    • Excellent access to I‑405, TriMet bus lines, and the Portland Streetcar.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Gossamer Apartment Rental Agency Pink Martini Nail ... Nail Salon Semaglutide Portland Weight Loss Service

    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
    Washington
    State
    Oregon
    Longitude
    -122.68222462
    Latitude
    45.52511327

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland Retail & Restaurant Space
    Where is this restaurant located?
    The property is located at 255 10Th Ave Portland, OR.
    What is the lease rate?
    The lease rate is $37-$38 SF/Yr.
    What are key features of this property?
    This property features: Ground-floor retail space available for lease.; Ideal for restaurant, café, retail, service, or medical tenants.; High visibility with extensive frontage on NW 10th, NW Davis, and NW Everett Streets, offering excellent signage opportunities.
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    255 10Th Ave 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
    255 10Th Ave Portland, OR 97209
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