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    OFF-MARKET
    Office Spaces

    115 Ash St, Portland, OR 97204

    28,671 SF Built 1872
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1872
    Total area 28,671 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NW Real Estate Solutions Inc Photography Service (Bike/Boat/Book/etc) Store
    • Portland Mercury Publishing House Newspaper & Magazine
    • Simple. Local. Coffee Cafe & Coffee Shop
    • Fond (Bike/Boat/Book/etc) Store Corporate Office
    • Simple. Local. Coffee. Pastry. Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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