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    121 Morrison St Portland, OR 97204

    For Lease
    Contact for pricing

    Prime Portland retail, multiple suites available.

    Lot size:
    6,563 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    One Financial Center, located at 121 SW Morrison St in Portland, Oregon (zip code 97204), presents a unique retail investment opportunity. This Multnomah County property offers a total of 6,563 square feet of commercial space, currently entirely vacant and available for lease. The building is comprised of two suites, providing flexibility for various business needs. Individual spaces range from a minimum of 563 square feet to a maximum contiguous space of 6,000 square feet, allowing for businesses of different sizes to find a suitable fit. The property's central location in Portland offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The property type is classified as retail commercial with multiple tenancy options. This presents a rare chance to secure a substantial retail presence in a vibrant and high-traffic area of Portland. The building's address is easily accessible and benefits from high pedestrian and vehicular traffic. The entire 6,563 square feet is currently available, offering a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy individual suites. Interested parties are encouraged to inquire about lease terms and conditions.

    Property Features for 121 Morrison St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,563 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    563 SF
    Space
    Available Space
    Size
    6,000 SF

    HighLights

    • Centrally located at the west end of the Morrison Bridge.
    • Potential for off‑street parking.
    • 6,563 SF of retail space available now.
    • Recently completed major remodel including tenant lounge, outdoor area, and conference center.
    • Turnkey café space available with exterior signage opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GRM Family Law Law Firm Delap Accounting Firm Seidl Law Office ... Attorney Steven B. Hval Lawyer IMAGINiT | Rand 3D Software Training Institute

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop 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
    -122.6738434
    Latitude
    45.5182248

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    FAQs

    What type of property is this?
    Retail property - Prime Portland retail, multiple suites available.
    Where is this retail property located?
    The property is located at 121 Morrison St Portland, OR.
    What are key features of this property?
    This property features: Centrally located at the west end of the Morrison Bridge.; Potential for off-street parking.; 6,563 SF of retail space available now.
    Request Owner's contact information
    121 Morrison St Portland, OR 97204
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    Portland, OR 97204
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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
    121 Morrison St Portland, OR 97204
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