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    1900 5Th Ave Portland, OR 97201

    For Lease
    $25 SF/Yr ($19,220 /Mo)

    Prime University District Location, 6,777 SF Available

    Lot size:
    9,226 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,226 square foot commercial property, situated at 1900 SW 5th Ave, offers a unique opportunity in Portland's vibrant University District. The building, constructed in 1963 and classified as Class B, features a single-tenant occupancy across two stories. The main level offers 6,777 square feet of adaptable space, ideal for retail, service, or office use. Large display windows provide excellent street visibility along SW 5th Ave, maximizing exposure to the high foot traffic of the area. In addition to the main level, there is also 1,120 square feet of basement space and 1,329 square feet on the upper floor, offering potential for expansion or specialized use. The property boasts ample off-street parking with 32 spaces, a significant advantage in this location. Its proximity to Portland State University and the abundance of nearby restaurants and retailers create a highly desirable environment. The CX zoning allows for a variety of uses. The building's convenient location provides easy access to freeways and public transportation, enhancing its appeal to both businesses and employees. This amenity-rich area is surrounded by multi-family and student housing, ensuring a consistent flow of potential customers. The lease rate is $25 per square foot, plus NNN charges. The property is available now.

    Property Features for 1900 5Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,226 SF
    Class
    B
    Total Rate
    19220.83

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    6,777 SF
    Rate per SF
    $25

    HighLights

    • 6,777 SF of office/retail space available for lease in Downtown Portland's University District.
    • Building totals 9,226 SF, with additional 2,449 SF of basement and upper floor space.
    • Lease rate: $25/SF, NNN.
    • 32 parking spaces available.
    • High visibility with large display windows on SW 5th Ave.
    • Suitable for retail, service, or office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo ATM Atm Wells Fargo Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6822433297
    Latitude
    45.510142817986

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    FAQs

    What type of property is this?
    Office Property / Space - Prime University District Location, 6,777 SF Available
    Where is this office property / space located?
    The property is located at 1900 5Th Ave Portland, OR.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 6,777 SF of office/retail space available for lease in Downtown Portland's University District.; Building totals 9,226 SF, with additional 2,449 SF of basement and upper floor space.; Lease rate: $25/SF, NNN.
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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
    1900 5Th Ave Portland, OR 97201
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