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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1417 20Th Ave Portland, OR 97209

40,000 SF
Property ID
Property summary
AI-generated overview

This exceptional retail property in Multnomah County offers 40,000 square feet of commercial space, currently featuring six suites. Tenants can lease spaces ranging from a minimum of 763 square feet to a maximum contiguous space of 2,524 square feet. A significant portion of the building, totaling 10,149 square feet, is currently vacant and available for lease. The property boasts a highly desirable location, shadow-anchored by a New Seasons Market and situated above 192 market-rate residential units, ensuring high foot traffic and visibility. This prime location is complemented by a strong tenant mix including established businesses such as Wells Fargo, Root Whole Body, Orange Theory Fitness, Good Coffee, Breakside Brewery, Afuri Ramen, Cosube, and Trek. One street-level retail/office space is available, offering an excellent opportunity for businesses seeking high-traffic exposure. A small private patio adjacent to the space at the pedway is also available for tenant use. The property is scheduled to open in early 2024, presenting a unique chance to establish a presence in a thriving and rapidly developing area. This is an ideal opportunity for businesses seeking a vibrant and well-connected location within a bustling community. Multiple suite options are available to accommodate various business needs and sizes.

Property profile
Verified
Property type Retail properties & Spaces
Total area 40,000 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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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