24 2nd Ave, Unit 32, Portland, OR 97209-3983
- Retail space
- 11,400 SF
- 0.13 lot acres
Current Use by Public Records
- Aravo Solutions / (Bike/Boat/Book/etc) Store / Corporate Office
- The Suite Spot PDX / Hotel & Motel / Resort
- PDX Suite Spot / Hotel & Motel / Resort
- Bader Management Solutions / Business Management Consultant
Property Details for 24 2nd Ave
- Year built
- 1904
- Lot size
- 0.13 lot acres
- Zone code
- CXD
- Property type
- Retail space
- APN
- 1N1E34CA 09000
- APU
- 1N1E34CA09000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 22, 2023 | — | Portland Ot Captain Couch Owner LLC | Nbp Captain Couch LLC | Bargain And Sale Deed | — |
| Feb 26, 2018 | — | Nbp Captain Couch LLC | — | Loan Modification · related | $44.3M · Sm Finance Holdings LLC |
| Dec 29, 2017 | $3,650,000 | Nbp Captain Couch LLC | Sfh Naito Old Town LLC | Warranty Deed | $17.5M · Sm Finnacial LLC |
| Dec 29, 2015 | $12,188,000 | Sfii Naito Old Town LLC | Fountain Village Dev LLC | Warranty Deed | — |
| Oct 24, 2014 | $8,000,000 | Fountain Village Dev LLC | Norton House LLC | Grant Deed | — |
| Aug 11, 2009 | — | Captain Couch Building LLC | — | Deed Of Trust · related | $1.2M · Symetra Life Insurance Co |
| — | — | Sfii Naito Old Town LLC | — | Deed Of Trust · related | $10.9M · Wells Fargo Bk |
| — | — | Captain Couch Building LLC | — | Deed Of Trust · related | $925k · Bank Of The West |
| — | — | Fountain Village Dev LLC | — | Deed Of Trust · related | $1.8M · Great Lakes Cu |
Description
The Captain Couch Building, a historic Portland landmark at 24 NW 2nd Ave, offers a unique opportunity for businesses seeking creative or traditional office space in the vibrant Old Town neighborhood. Built in 1904 and renovated in 1977, this two-story building comprises one structure with six total suites, ranging from 341 to 3,479 square feet. Currently, seven spaces are available for lease, providing flexibility for businesses of various sizes. The building's location in Multnomah County, Oregon (zip code 97209), offers unparalleled accessibility. Situated adjacent to the Burnside Bridge, it benefits from proximity to twelve bus lines and four streetcar lines, ensuring convenient public transportation. Furthermore, ample parking options are available nearby, catering to both employees and clients. The surrounding area boasts a thriving mix of restaurants, bars, and entertainment venues, enhancing the overall appeal and convenience for tenants. The presence of established businesses such as the University of Oregon, Oregon College of Oriental Medicine, and Ankrom Moisan, further underscores the area's growing appeal and potential for business success. This property presents a rare chance to establish a presence in a highly desirable and well-connected location within Portland's dynamic Old Town.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,583,000
- AI Estimate
- $2,583,000
Market price range: $2.02M - $4.90MMarket price range: $2.02M - $4.90M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,425,000 Current use
- RESTAURANT
- $3,905,000 Change: +14% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,790,000 Change: +11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,480,000 Change: +2% Conversion: Difficult
- MEDICAL BUILDING
- $3,445,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $3,295,000 Change: -4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $3,030,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.672
- Latitude
- 45.5237
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
