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    516 14Th Ave Portland, OR 97209

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    For Lease
    Contact for pricing

    NW Portland Creative Office - 1 sq ft

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique 1-square-foot commercial space, located at 516 NW 14th Ave in Portland, Oregon's desirable Multnomah County (zip code 97209), offers a fantastic opportunity for a creative business. Situated on a busy corner with high foot and car traffic, the property boasts abundant natural light from large glass windows and high ceilings. Previously occupied by an art gallery, the space features an appealing industrial aesthetic, including polished concrete floors and a roll-up garage door, ideal for a collaborative work environment. Its strategic location provides excellent visibility and convenient access to major transportation arteries, including I-405 and Highway 26. The property is a single-tenant space within a larger building, and its versatile layout is suitable for a variety of uses, including art galleries, creative offices, showrooms (auto or furniture), gyms, and various service-based businesses. The property's proximity to new businesses, such as Rev'd Indoor Cycling, further enhances its appeal and potential for success. This exceptional space presents a rare chance to establish a thriving business in a vibrant and highly visible location. The property is classified as Retail and Office, with a Creative Office subtype.

    Property Features for 516 14Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • Two large main rooms.
    • Roll‑up door.
    • Three storage spaces.
    • Exposed beam ceilings.
    • Abundant natural light from huge skylights.
    • Three restrooms and one shower.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parallax Art Center Art Center

    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
    -122.6851506
    Latitude
    45.5267074

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    FAQs

    What type of property is this?
    Office space - NW Portland Creative Office - 1 sq ft
    Where is this office space located?
    The property is located at 516 14Th Ave Portland, OR.
    What are key features of this property?
    This property features: Two large main rooms.; Roll-up door.; Three storage spaces.
    Request Owner's contact information
    516 14Th 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
    516 14Th Ave Portland, OR 97209
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