121 Morrison StPortland, OR 97204

Property Details for 121 Morrison St

Lot size

0.22 AC

Zone code

CXD

Property type

Office buildings

APN

1S1E03BA 03100

APU

1S1E03BA03100

Description

One Financial Center, located at 121 SW Morrison St in Portland, Oregon (zip code 97204), presents a unique retail investment opportunity. This Multnomah County property offers a total of 6,563 square feet of commercial space, currently entirely vacant and available for lease. The building is comprised of two suites, providing flexibility for various business needs. Individual spaces range from a minimum of 563 square feet to a maximum contiguous space of 6,000 square feet, allowing for businesses of different sizes to find a suitable fit. The property's central location in Portland offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The property type is classified as retail commercial with multiple tenancy options. This presents a rare chance to secure a substantial retail presence in a vibrant and high-traffic area of Portland. The building's address is easily accessible and benefits from high pedestrian and vehicular traffic. The entire 6,563 square feet is currently available, offering a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy individual suites. Interested parties are encouraged to inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,609,270

  6.5%

  $2,408,557

  7%

  $2,236,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,829,510

  Geo Method

  $1,829,510

• Alternative Use

  Use

  Valuation

  Residential

  $2,986,610

  Hospitality

  $2,735,719

  Educational

  $2,276,086

  Medical

  $2,354,364

  Retail

  $3,540,579

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5181

Longitude

-122.674

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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