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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

516 Morrison St Portland, OR 97212

7,906 SF
Property ID
Property summary
AI-generated overview

The Weatherly Building, a striking 12-story mixed-use property at 516 SE Morrison St, Portland, OR 97212, offers exceptional office and retail opportunities in Multnomah County. This historic building boasts 7,906 total square feet, with 5,680 square feet currently vacant, divisible into spaces ranging from 345 to 4,162 contiguous square feet. The building features three total suites, ideal for a variety of businesses. Conveniently located at the gateway to Portland's Central Eastside, adjacent to the Morrison Bridge, and with easy access to I-5 and I-84, this location provides unparalleled connectivity to the downtown core. On-site parking is available with hourly, daily, and monthly options, offering convenience for tenants and their clients. Recent renovations include a completely updated lobby and building improvements, enhancing the appeal and functionality of the ground floor commercial spaces. High ceilings and expansive windows throughout the building provide abundant natural light and a spacious feel. This is a unique chance to secure prime commercial space in a vibrant and well-connected Portland location.

Property profile
Verified
Property type Retail properties & Spaces
Total area 7,906 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
  • Tranxition Corporation (Bike/Boat/Book/etc) Store Corporate Office
  • Wendy L. Campbell, PsyD Physician Medical Clinic
  • Adams Wendi Physician Medical Clinic
  • Angelina Ramos-Marchand, Psy.D. Physician Medical Clinic
  • Kristy R. Baker, PsyD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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