115 Ash St, Portland, OR 97204
The New Market Theater, a meticulously renovated 28,671 square foot Class B office building in Portland, Oregon, offers five available creative office spaces ranging from 3,266 to 20,533 square feet. Built in 1872, this landmark building boasts a rich history as a theater and public market, now reimagined as a vibrant hub for modern businesses. Located at 115 SW Ash Street, in the heart of downtown Portland (zip code 97204), this Multnomah County property provides exceptional accessibility. Its central location offers easy access to numerous dining, entertainment, and public transportation options, including multiple bus lines and streetcar routes within three blocks. Convenient proximity to the Burnside and Morrison bridges further enhances its accessibility. The building's recent renovation maintains its historic charm while providing contemporary workspaces, reflecting Portland's spirit of innovation and creativity. Multiple tenancy options are available, making it suitable for a variety of business needs.
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NW Real Estate Solutions Inc Photography Service (Bike/Boat/Book/etc) Store
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Portland Mercury Publishing House Newspaper & Magazine
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Simple. Local. Coffee Cafe & Coffee Shop
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Fond (Bike/Boat/Book/etc) Store Corporate Office
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Simple. Local. Coffee. Pastry. Cafe & Coffee Shop
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
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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.