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    1516 Alder St Portland, OR 97205

    Sponsored
    For Lease
    Contact for pricing

    Prime Portland retail, two suites available.

    Lot size:
    4,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Located in the vibrant heart of Portland, Oregon, at 1516 SW Alder St, Alta Art Tower offers an exceptional retail opportunity. This 4,815 square foot building, situated in Multnomah County (zip code 97205), currently has two vacant suites available for lease. The property is classified as a shopping center with both retail and restaurant suitability. Individual spaces range from a minimum of 965 square feet to a maximum contiguous space of 3,850 square feet, providing flexibility for various business needs. The entire 4,815 square feet is currently available for lease. This prime location in Portland offers high visibility and foot traffic, making it an ideal space for businesses seeking a prominent presence in a thriving urban environment. The property's address is easily accessible and benefits from excellent public transportation options. This is a unique chance to secure a significant retail presence in a desirable Portland location. Interested parties should inquire about lease terms and availability.

    Property Features for 1516 Alder St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,815 SF

    Unit(s) available at that property

    Space
    Retail 1
    Size
    3,850 SF
    Space
    Retail 2
    Size
    965 SF

    HighLights

    • Goose Hollow prime location, near Providence Park, Multnomah Athletic Club & Artists Repertory Theatre redevelopment.
    • 314‑unit apartment building over ground‑floor retail space.
    • Strong retail synergy with nearby Fred Meyer, Starbucks, and numerous restaurants & businesses.
    • Immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6877255
    Latitude
    45.5217459

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    FAQs

    What type of property is this?
    Restaurant - Prime Portland retail, two suites available.
    Where is this restaurant located?
    The property is located at 1516 Alder St Portland, OR.
    What are key features of this property?
    This property features: Goose Hollow prime location, near Providence Park, Multnomah Athletic Club & Artists Repertory Theatre redevelopment.; 314-unit apartment building over ground-floor retail space.; Strong retail synergy with nearby Fred Meyer, Starbucks, and numerous restaurants & businesses.
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    Portland, OR 97205
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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
    1516 Alder St Portland, OR 97205
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