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    416 10Th Ave Portland, OR 97209

    For Sale
    $2,300,000

    Prime Portland storefront, vacant, high visibility.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,000 square foot vacant storefront, located at 416 NW 10th Ave in Portland, Oregon's vibrant Pearl District, presents a unique owner/user investment opportunity. The property, built in 1941, boasts a Class C designation and sits on a 5,000 square foot lot. With an asking price of $2,300,000 ($460/sq ft), this single-story building offers significant potential. The EXd (Central Employment - Design) zoning allows for a variety of uses. High visibility is ensured by 50 feet of frontage featuring floor-to-ceiling windows, attracting substantial foot traffic and vehicular traffic. The location benefits from proximity to the Tri-Met Streetcar line, with a stop just one door away, and ample on-street parking. The building features exposed trusses and skylights in half, and one ADA-accessible restroom. The high density of nearby apartments and condos within a three-block radius guarantees a strong customer base. This is a rare chance to acquire a well-positioned retail space in one of Portland's most desirable neighborhoods. The spacious, open floor plan is ready for immediate build-out to suit your specific business needs. Daily vehicle traffic on NW Glisan at 9th Ave averages approximately 8,000 vehicles.

    Property Features for 416 10Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Class
    C

    Building Details

    Year Built
    1941
    Buildings
    1
    Stories
    1

    HighLights

    • 5,000 SF stand‑alone retail building in Portland's Pearl District.
    • Spacious open floor plan ready for immediate build‑out.
    • 50 feet of frontage with floor‑to‑ceiling windows.
    • Exposed trusses and skylights in half the building.
    • One ADA‑accessible restroom.
    • High‑visibility location at NW 10th Ave & Glisan St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.68125632231
    Latitude
    45.52613791892

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    FAQs

    What type of property is this?
    Individual retail property - Prime Portland storefront, vacant, high visibility.
    Where is this individual retail property located?
    The property is located at 416 10Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 5,000 SF stand-alone retail building in Portland's Pearl District.; Spacious open floor plan ready for immediate build-out.; 50 feet of frontage with floor-to-ceiling windows.
    Request Owner's contact information
    416 10Th 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
    416 10Th Ave Portland, OR 97209
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