0 23Rd Ave Portland, OR 97209
This exceptional retail opportunity is located in the vibrant heart of Portland, Oregon, at the intersection of W Burnside St and NW 23rd Ave, in Multnomah County (zip code 97209). The property, known as The Westerly Shops, is a single-suite strip center totaling 2,272 square feet. Currently, a significant portion of the space, precisely 1,510 square feet, is available for lease. This presents a unique chance for a retailer or restaurant to establish a presence in a high-traffic area. The property's classification as both retail and restaurant-suitable indicates its versatility and potential to accommodate a wide range of businesses. The building's location offers excellent visibility and accessibility, making it an ideal spot for attracting customers. The address is easily identifiable and situated within a well-established commercial district of Portland. This space is perfect for a business seeking a prominent location with ample square footage to operate and grow. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. Interested parties are encouraged to inquire further to explore the possibilities of this prime Portland retail space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.