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    516 Morrison St Portland, OR 97212

    Sponsored
    For Lease
    Contact for pricing

    Historic Portland Office, Retail Space Available

    Lot size:
    7,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Weatherly Building, a striking 12-story mixed-use property at 516 SE Morrison St, Portland, OR 97212, offers exceptional office and retail opportunities in Multnomah County. This historic building boasts 7,906 total square feet, with 5,680 square feet currently vacant, divisible into spaces ranging from 345 to 4,162 contiguous square feet. The building features three total suites, ideal for a variety of businesses. Conveniently located at the gateway to Portland's Central Eastside, adjacent to the Morrison Bridge, and with easy access to I-5 and I-84, this location provides unparalleled connectivity to the downtown core. On-site parking is available with hourly, daily, and monthly options, offering convenience for tenants and their clients. Recent renovations include a completely updated lobby and building improvements, enhancing the appeal and functionality of the ground floor commercial spaces. High ceilings and expansive windows throughout the building provide abundant natural light and a spacious feel. This is a unique chance to secure prime commercial space in a vibrant and well-connected Portland location.

    Property Features for 516 Morrison St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,906 SF

    Building Details

    Stories
    12

    Unit(s) available at that property

    Space
    Suite 108
    Size
    4,162 SF
    Space
    Suite 104
    Size
    1,173 SF
    Space
    Suite 106
    Size
    345 SF

    HighLights

    • 12‑story mixed‑use building at 516 SE Morrison St, Portland, OR, totaling 7,906 square feet.
    • 5,680 square feet of vacant space available, divisible into units from 345 to 4,162 square feet.
    • Located in Portland's Central Eastside, near Morrison Bridge, I‑5, and I‑84.
    • On‑site parking with hourly, daily, and monthly options.
    • Recently renovated lobby and building improvements.
    • High ceilings and large windows provide abundant natural light.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tranxition Corporation Software Company Wendy L. Campbell, ... Psychologist Adams Wendi Psychologist Angelina Ramos-Marchand, Psy.D. Psychologist Kristy R. Baker, ... Psychologist

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6486134
    Latitude
    45.5419699

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Portland Office, Retail Space Available
    Where is this office property / space located?
    The property is located at 516 Morrison St Portland, OR.
    What are key features of this property?
    This property features: 12-story mixed-use building at 516 SE Morrison St, Portland, OR, totaling 7,906 square feet.; 5,680 square feet of vacant space available, divisible into units from 345 to 4,162 square feet.; Located in Portland's Central Eastside, near Morrison Bridge, I-5, and I-84.
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    516 Morrison St Portland, OR 97212
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    Portland, OR 97212
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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 Morrison St Portland, OR 97212
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