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Modern Flex Property in Portland
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2324 SE 11th Avenue / 1115 SE Caruthers Street, Portland, OR 97214

Modern flex property with customizable floor plans and prime location.

Space Size4,040 SF
Property Size8,020 SF
Days on Market668

Property Features for 2324 SE 11th Avenue / 1115 SE Caruthers Street

General Information

Standard status Active
Size 4,040 SF
Total Parking Spaces 8
Property subtype Office
Lease Type NNN

Building Details

Building Size 8,020 SF
Year Built 1983
Tenancy Multiple

Spaces For Lease

at 2324 SE 11th Avenue / 1115 SE Caruthers Street Contact us

2324 SE 11th Avenue

Size
4,040 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Macadam Forbes
Listed By: Rod Brokenshire · License #OR
Source: Crexi
Added: Nov 7, 2024 Changed: Sep 5 Last Checked: Sep 1 at 5:29PM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

Located at 2324 SE 11th Avenue / 1115 SE Caruthers Street, this modern flex property offers abundant natural light and customizable floor plans. Its prime location provides convenient access to local services and public transportation. The contemporary architecture offers a clean backdrop for business, providing a dynamic and flexible environment. The property is situated in Southeast Portland, a vibrant neighborhood filled with a diverse mix of dining, shopping, and cultural experiences. The area is home to popular destinations such as Revolution Hall and Ladd's Addition Rose Gardens. The nearby Hawthorne District offers local boutiques, coffee shops, and eclectic dining options. With easy access to public transportation and close proximity to downtown Portland, the area provides a dynamic setting for businesses looking for a prime office location with a distinctive local flair.

Key Highlights

  • Prime Central Eastside location offering convenient access to dining, shopping, and cultural experiences.
  • Abundant natural light fills the space.
  • Customizable floor plans to suit your needs.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Travel Agency Butcher Law Firm Pet Store

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
$2.39 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,977
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Lease Benchmarks for Portland, OR

$22.31 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,342 SF
Avg Space Size

This space is priced 28% below the average of $22.31 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Modern flex property with customizable floor plans and prime location.
Where is this office units located?
The property is located at 2324 SE 11th Avenue / 1115 SE Caruthers Street Portland, OR.
What is the lease rate?
The lease rate is $15.96 SF/Yr.
What are key features of this property?
This property features: Prime Central Eastside location offering convenient access to dining, shopping, and cultural experiences.; Abundant natural light fills the space.; Customizable floor plans to suit your needs.
(503) 227-2500 Call to check price and availability
More about this property
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