1900 5th Ave Portland, OR 97201-5263
This exceptional 9,226 square foot commercial property, situated at 1900 SW 5th Ave, offers a unique opportunity in Portland's vibrant University District. The building, constructed in 1963 and classified as Class B, features a single-tenant occupancy across two stories. The main level offers 6,777 square feet of adaptable space, ideal for retail, service, or office use. Large display windows provide excellent street visibility along SW 5th Ave, maximizing exposure to the high foot traffic of the area. In addition to the main level, there is also 1,120 square feet of basement space and 1,329 square feet on the upper floor, offering potential for expansion or specialized use. The property boasts ample off-street parking with 32 spaces, a significant advantage in this location. Its proximity to Portland State University and the abundance of nearby restaurants and retailers create a highly desirable environment. The CX zoning allows for a variety of uses. The building's convenient location provides easy access to freeways and public transportation, enhancing its appeal to both businesses and employees. This amenity-rich area is surrounded by multi-family and student housing, ensuring a consistent flow of potential customers. The lease rate is $25 per square foot, plus NNN charges. The property is available now.
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Wells Fargo Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
RXD · Portland, ORPortland. Always verify with local authorities before improvements.
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.