510 5Th Ave Portland, OR 97204
- Office Properties & Spaces
- 35,000 SF
Current Use by Public Records
- Advanced Technology Communications / Consultant / Business Management Consultant
- Chenoweth Law Group / Real Estate Attorney / Law Firm
- Fournier Group / Insurance Agency
- Velody Trade / Trade School
- Cardoson Medical / Medical Clinic
Property Details for 510 5Th Ave
- Year built
- 1906
- Property size
- 35,000 SF
- Property type
- Office Properties & Spaces
Description
This stunning 35,000 square foot multi-tenant office building, located at 510 SW 5th Ave in Portland, Oregon's vibrant downtown core (zip code 97204), presents a unique investment opportunity. Originally constructed in 1906, the Historic Caplan Building underwent a comprehensive, multi-million dollar renovation in 2007, including a complete seismic upgrade, ensuring modern functionality and structural integrity. Currently, 25,000 square feet of space is available for lease, offering several full-floor options ideal for law firms or other professional office users seeking a prestigious address in the Central Business District. The building sits on a 5,000 square foot lot in Multnomah County. The property is categorized as Executive Office space with multiple tenancies. The landlord is receptive to lease-option agreements, providing a compelling pathway to ownership for smaller firms aiming to establish a permanent presence in this desirable downtown submarket. This exceptional property combines historic charm with modern amenities, offering a blend of character and convenience. Don't miss this chance to secure a prime location in the heart of Portland.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.677
- Latitude
- 45.5199
