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    23Rd Ave Portland, OR 97209

    Sponsored
    For Lease
    $25 SF/Yr ($4,733 /Mo)

    Prime Portland location, 1,510 sq ft available.

    Lot size:
    2,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located in the vibrant heart of Portland, Oregon, at the intersection of W Burnside St and NW 23rd Ave, in Multnomah County (zip code 97209). The property, known as The Westerly Shops, is a single-suite strip center totaling 2,272 square feet. Currently, a significant portion of the space, precisely 1,510 square feet, is available for lease. This presents a unique chance for a retailer or restaurant to establish a presence in a high-traffic area. The property's classification as both retail and restaurant-suitable indicates its versatility and potential to accommodate a wide range of businesses. The building's location offers excellent visibility and accessibility, making it an ideal spot for attracting customers. The address is easily identifiable and situated within a well-established commercial district of Portland. This space is perfect for a business seeking a prominent location with ample square footage to operate and grow. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. Interested parties are encouraged to inquire further to explore the possibilities of this prime Portland retail space.

    Property Features for 0 23Rd Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,272 SF
    Total Rate
    4733.33

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,510 SF
    Rate per SF
    $25

    HighLights

    • 1,510 SF retail space available for lease in a 2,272 SF strip center in Portland, OR (97209).
    • Abundant shared off‑street parking with Uptown Shopping Center.
    • Prime location in Portland's Uptown District, connecting the urban core with the West Hills, offering a mix of daily grocery, pharmacy, upscale restaurant, and retail clientele.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6852415
    Latitude
    45.5229145

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Portland location, 1,510 sq ft available.
    Where is this neighborhood center located?
    The property is located at 23Rd Ave Portland, OR.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 1,510 SF retail space available for lease in a 2,272 SF strip center in Portland, OR (97209).; Abundant shared off-street parking with Uptown Shopping Center.; Prime location in Portland's Uptown District, connecting the urban core with the West Hills, offering a mix of daily grocery, pharmacy, upscale restaurant, and retail clientele.
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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
    23Rd Ave Portland, OR 97209
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