126 SW 2Nd Ave Portland, OR 97204

This exceptional mixed-use property, located at 126 SW 2nd Ave in Portland, Oregon's desirable Multnomah County (zip code 97204), presents a compelling investment opportunity. The 28,898 square foot building, originally constructed in 1886 and extensively renovated in 2016, boasts a unique blend of retail and office space. The ground floor features an award-winning food hall, while the upper two floors offer move-in-ready creative office space. The 2016 renovation included a complete seismic upgrade, updated mechanical, electrical, and plumbing systems, a new roof, modern restroom and shower facilities, and secure bike parking. The building's historical character is preserved through exposed timber framing, high ceilings, authentic Douglas Fir beams, and a large skylight that floods the office space with natural light. Currently at 30% occupancy, this property offers significant lease-up potential and presents an attractive option for both investors and owner-users seeking a unique, high-quality asset in a vibrant urban setting. The 0.46-acre lot houses a three-story building, offering a total of 28,898 square feet of net rentable space. This value-add investment is priced at $6,800,000. The property's central location provides favorable access to numerous amenities and is easily walkable.