321 5 Ave Portland, TX 78374
This exceptional 1,450 square foot office space, located at 321 5th Street in Portland's vibrant Leisure & Entertainment District, presents a unique opportunity for businesses seeking a prime location. Previously occupied by a law firm and an oil and gas company, this single-story, 1971-built building underwent a complete renovation in 2021. The space is ideally configured with four individual offices, a reception/waiting area, two open areas perfect for collaboration or additional workstations, a convenient kitchenette, and a restroom. The layout is ready for immediate occupancy, eliminating the need for extensive build-out. The property boasts five on-site parking spaces, a significant advantage in a high-traffic area. Situated across from Portland's city-acquired block, this location benefits from high visibility and proximity to community events such as the Families on Fifth concert series and the Cinco de Mayo Festival. This is a gross lease, with water, sewer, and trash included in the rent. Electricity is the tenant's responsibility. No dumpsters are permitted on the property. An optional attached garage space is available separately. This is a single-suite building with no elevators. The property is located in San Patricio County, near the intersection of Elm and Railroad Streets.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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