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NW Portland Retail Space
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120 NW 23rd Ave, Portland, OR 32609

Iconic space on NW 23rd Avenue, bustling Portland location.

Space Size4,850 SF
Property Size9,850 SF
Days on Market1212

Property Features for 120 NW 23rd Ave

General Information

Standard status Active
Size 4,850 SF
Property subtype Retail, Restaurant

Building Details

Building Size 9,850 SF
Tenancy Multiple

Spaces For Lease

at 120 NW 23rd Ave Contact us

Available Space

Size
4,850 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Debbie Thomas Commercial Real Estate
Listed By: Debbie Thomas · License #OR
Source: Crexi
Added: May 15, 2023 Changed: Sep 3 Last Checked: Sep 7 at 6:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Thomas Commercial Real Estate

Investment Insights

Based on property information with market context.

This iconic space is located on NW 23rd Avenue in NW Portland, near shops, eateries, bars, and local establishments. The location is accessible via bus and Streetcar, benefiting from local and tourist traffic. The property is a full floor second story space featuring an open layout, built-in bar, and kitchen. Its A3 occupancy rating allows for service retail options.

Key Highlights

  • Unbeatable location on NW 23rd Avenue in NW Portland, near top shops, eateries, and bars.
  • High traffic area, attracting both local and tourist customers.
  • Open layout with built‑in bar and kitchen, suitable for various service‑related businesses.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Daycare Center Tanning Salon Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,209
Businesses Nearby

Market

Lease Benchmarks for Portland, OR

$23.7 /SF/Yr
Avg Asking Price
$14–$38 /SF/Yr
Price Range
23,060 SF
Avg Space Size

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Iconic space on NW 23rd Avenue, bustling Portland location.
Where is this retail space located?
The property is located at 120 NW 23rd Ave Portland, OR.
What are key features of this property?
This property features: Unbeatable location on NW 23rd Avenue in NW Portland, near top shops, eateries, and bars.; High traffic area, attracting both local and tourist customers.; Open layout with built‑in bar and kitchen, suitable for various service‑related businesses.
More about this property
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