1355 2Nd AvePortland, OR 97201

Property Details for 1355 2Nd Ave

Year built

2017

Lot size

0.47 AC

Property size (Sq ft)

183,440 SF

Zone code

CXD

Property type

Hospitality properties

Property subtype

Hotels

APN

1S1E03BC 01400

APU

1S1E03BC01400

Description

The Porter Hotel, located at 1355 SW 2nd Ave in Portland, Oregon's vibrant downtown, offers 4,825 square feet of Class A retail and restaurant space currently available for lease. This exceptional property is perfect for a variety of uses, including event spaces, thanks to its flexible layout. The building features multiple suites, ranging from a minimum of 225 square feet to a maximum contiguous space of 2,800 square feet, providing options for businesses of all sizes. With ample parking for 93 vehicles, customer and employee convenience is ensured. Situated in Multnomah County, zip code 97201, this location benefits from high foot traffic and excellent visibility. The entire 4,825 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. This property offers a blend of modern amenities and a prime location, making it an ideal investment for discerning businesses seeking a prominent presence in Portland's thriving market. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $57,227,408

  6.5%

  $52,825,300

  7%

  $49,052,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $83,018,160

  Geo Method

  $83,018,160

• Alternative Use

  Use

  Valuation

  Residential

  $57,669,880

  Hospitality

  $52,825,300

  Educational

  $43,950,028

  Medical

  $45,461,536

  Retail

  $68,366,712

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5137

Longitude

-122.677

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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