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    1417 20Th Ave Portland, OR 97209

    For Lease
    Contact for pricing

    Prime Multnomah County retail opportunity.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional retail property in Multnomah County offers 40,000 square feet of commercial space, currently featuring six suites. Tenants can lease spaces ranging from a minimum of 763 square feet to a maximum contiguous space of 2,524 square feet. A significant portion of the building, totaling 10,149 square feet, is currently vacant and available for lease. The property boasts a highly desirable location, shadow-anchored by a New Seasons Market and situated above 192 market-rate residential units, ensuring high foot traffic and visibility. This prime location is complemented by a strong tenant mix including established businesses such as Wells Fargo, Root Whole Body, Orange Theory Fitness, Good Coffee, Breakside Brewery, Afuri Ramen, Cosube, and Trek. One street-level retail/office space is available, offering an excellent opportunity for businesses seeking high-traffic exposure. A small private patio adjacent to the space at the pedway is also available for tenant use. The property is scheduled to open in early 2024, presenting a unique chance to establish a presence in a thriving and rapidly developing area. This is an ideal opportunity for businesses seeking a vibrant and well-connected location within a bustling community. Multiple suite options are available to accommodate various business needs and sizes.

    Property Features for 1417 20Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Unit(s) available at that property

    Space
    Suite 1A01
    Size
    1,051 SF
    Space
    Site 121
    Size
    2,524 SF
    Space
    Site 140 A
    Size
    1,252 SF
    Space
    Site 140B
    Size
    763 SF
    Space
    Combined 140A & 140B
    Size
    2,015 SF
    Space
    Site 140D
    Size
    1,292 SF

    HighLights

    • 40,000 SF retail building with multiple tenancies in Multnomah County.
    • 6 suites available, ranging from 763 to 2,524 contiguous SF.
    • 10,149 SF currently vacant.
    • Street‑level retail space shadow‑anchored by New Seasons Market and 192 residential units.
    • Private patio available.
    • Strong tenant mix including New Seasons Market, Wells Fargo, and other popular businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Daycare Center 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
    -122.693148
    Latitude
    45.533144

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    FAQs

    What type of property is this?
    Retail property - Prime Multnomah County retail opportunity.
    Where is this retail property located?
    The property is located at 1417 20Th Ave Portland, OR.
    What are key features of this property?
    This property features: 40,000 SF retail building with multiple tenancies in Multnomah County.; 6 suites available, ranging from 763 to 2,524 contiguous SF.; 10,149 SF currently vacant.
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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
    1417 20Th Ave Portland, OR 97209
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