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Property profile & analytics
OFF-MARKET
Office Spaces

222-228 Davis St Portland, OR 97209

Built 1880
Property ID
Property summary
AI-generated overview

This stunning, historically significant Portland office building, originally constructed in 1880, offers 12 available suites ranging from 1,035 to 4,907 square feet. Listed on the National Register of Historic Places, the Merchant Hotel showcases rare cast-iron Italianate architecture. Once a premier luxury hotel boasting the city's first hydraulic elevator, the building has been thoughtfully renovated to accommodate modern creative and tech-focused businesses. Recent improvements include a new tenant lounge and meeting space, with further upgrades planned. The building is ideally situated in Portland's Old Town, benefiting from the vibrant neighborhood's amenities, including nearby restaurants, bars, and entertainment venues. Convenient parking options are available, and accessibility is paramount, with easy access to the Burnside Bridge and an abundance of public transportation. Twelve bus lines and four streetcar lines all have stops within a three-block radius. Current tenants include Old Town Pizza & Brewing and Starbucks Coffee, reflecting the building's appeal to a diverse range of businesses. The addition of businesses like Airbnb further enhances the area's appeal and convenience. This is a unique opportunity to lease space in a landmark building with a rich history and a prime location. The building is a Class B, four-story structure with one building. It's located at 222-228 NW Davis Street, Portland, OR 97209, in Multnomah County.

Property profile
Verified
Property type Office Spaces
Year built 1880
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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