1417 20Th Ave Portland, OR 97209
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.