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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

516 14Th Ave Portland, OR 97209

1 SF
Property ID
Property summary
AI-generated overview

This unique 1-square-foot commercial space, located at 516 NW 14th Ave in Portland, Oregon's desirable Multnomah County (zip code 97209), offers a fantastic opportunity for a creative business. Situated on a busy corner with high foot and car traffic, the property boasts abundant natural light from large glass windows and high ceilings. Previously occupied by an art gallery, the space features an appealing industrial aesthetic, including polished concrete floors and a roll-up garage door, ideal for a collaborative work environment. Its strategic location provides excellent visibility and convenient access to major transportation arteries, including I-405 and Highway 26. The property is a single-tenant space within a larger building, and its versatile layout is suitable for a variety of uses, including art galleries, creative offices, showrooms (auto or furniture), gyms, and various service-based businesses. The property's proximity to new businesses, such as Rev'd Indoor Cycling, further enhances its appeal and potential for success. This exceptional space presents a rare chance to establish a thriving business in a vibrant and highly visible location. The property is classified as Retail and Office, with a Creative Office subtype.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 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
  • Parallax Art Center Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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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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