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Investment Highlights

  • Exposed beams and original brick
  • Award-winning architecture and ambiance
  • Interior skylights providing plenty of natural light
  • Renovated with excellent amenities
  • Prime central location with walkable amenities

Executive Summary

HISTORIC 3-STORY DOWNTOWN PORTLAND MIXED-USE BUILDING
• Exposed beams and original brick
• Interior skylights providing plenty of natural light
• Interior staircase connecting floors
• Extensive renovation in 2016
• Award-winning architecture
• Full seismic retrofit
• Popular ground floor food hall
• Prime central downtown location puts you in the middle of all that the city has to offer
• Two-minute walk to Tom McCall Waterfront Park

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
30,055 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1886/2016
Percent Leased
29%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,652 SF
Building FAR
1.50
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
CX - Central Commercial

Amenities

  • Atrium
  • Bus Line
  • Food Court
  • Food Service
  • Restaurant
  • Signage
  • Skylights
  • Kitchen
  • Bicycle Storage
  • High Ceilings
  • Natural Light
  • Reception
  • Hardwood Floors

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Kim Jong Smokehouse
  • Accommodation and Food Services
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

Matsunoki Ramen began from a love of Japanese cuisine and a desire to share those flavors with Portland, building its identity around comfort food and a neighborhood dining experience. The company focuses on Japanese ramen, including tonkotsu and vegan ramen, along with mazemen, fried chicken, delivery, and takeout service. Matsunoki Ramen operates as a ramen and fried chicken vendor at Pine Street Market and has expanded into a standalone space, reflecting a broader presence in Portland's ramen scene. The company maintains continued emphasis on ramen varieties, vegan options, and chicken dishes across its Portland locations.

  • Accommodation and Food Services
  • -
  • -
  • -

Pine Street Taproom operates as a full-service bar within Pine Street Market, a culinary-themed marketplace and food hall in Portland's downtown Market District. Pine Street Market opened in the spring of 2016, giving the taproom a setting alongside chefs and purveyors under one roof inside the historic Carriage & Baggage Building. The taproom focuses on local beers and specialty cocktails, while the broader market presents a casual setting for lunch, happy hour, and dinner with a mix of dining options and takeaway service. The market features a range of complementary food concepts, including juice bars, mini donuts, Thai comfort food, ramen, and dumplings, which reinforces the taproom's role within a food hall built around drinks and shared dining.

  • Accommodation and Food Services
  • -
  • -
  • -

Shanghai's Best is a Portland Chinese restaurant that began as a food cart in 2018 and later moved from the Alder Street food cart pod to Pine Street Market, with additional time in Salem. The restaurant focuses on Shanghainese dishes, especially handmade dumplings, shengjian mantou, and bao, offering pork, chicken, vegetarian, and vegan fillings. Shanghai's Best remains part of Pine Street Market's lineup of eateries and continues to serve a menu centered on dumpling and bao specialties in a casual food-hall setting.

  • The Mini Donut Company
  • Retailer
  • -
  • -
  • -

What’s one of the biggest things The Mini Donut Company founder Matt Whiffen learned from his corporate background? Everyone loves donuts! But no one wanted to be "that person" in the office who takes an entire donut. Lightbulb moment: If mini-sized, no more splitting – everyone in the office can take two or three! Thus, The Mini Donut Company was born. What started in Seattle back in 2019 as a delivery-only business catering to offices is now a full-fledged mini donut company serving all of San Diego. The Mini Donut Company opened their first location in San Diego’s Liberty Public Market. A second location quickly followed suit, at the Little Italy Food Hall, and they now have a third location at the Windmill Food Hall in Carlsbad. With more locations on the horizon, they're excited to spread the mini donut love!

Tenant Industry SF Occupied Rent/SF Lease End
Kim Jong Smokehouse Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
The Mini Donut Company Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 110
  • 1,541 SF
  • Restaurant
  • Full Build-Out
  • Now

Pine Street Market is a culinary-themed marketplace and food hall housed in the historic downtown Carriage & Baggage Building, in the Market District of Portland, Oregon. Pine Street Market was touted as the ?“Most Anticipated Food Hall in America” by Eater. It has also been awarded the 2016 Art DeMuro Award for Excellence in Preservation, Reuse, and Community Revitalization and the Retail Development of the Year awards by CAB, NAIOP, SIOR, and The Portland Business Journal. Pine Street Market’s ongoing success shows how thoughtful design pursued by locals with stakes in Portland’s future can breathe new life into an entire neighborhood. Restaurant Space available today at Portland's iconic food hall. The space is fully set up for immediate use.

  • 2nd Fl-Ste 2nd Fl
  • 9,905 SF
  • Office
  • -
  • Now

Private offices, huddle rooms, conference room, kitchen, & breakroom

  • 3rd Fl-Ste 3rd Fl
  • 9,905 SF
  • Office
  • -
  • Now

Private offices, huddle rooms, conference room, kitchen, & breakroom

Space Size Space Use Build-Out Available
1st Fl-Ste 110 1,541 SF Restaurant Full Build-Out Now
2nd Fl-Ste 2nd Fl 9,905 SF Office - Now
3rd Fl-Ste 3rd Fl 9,905 SF Office - Now

1st Fl-Ste 110

Size
1,541 SF
Space Use
Restaurant
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 2nd Fl

Size
9,905 SF
Space Use
Office
Build-Out
-
Available
Now

3rd Fl-Ste 3rd Fl

Size
9,905 SF
Space Use
Office
Build-Out
-
Available
Now

1st Fl-Ste 110

Size 1,541 SF
Space Use Restaurant
Build-Out Full Build-Out
Available Now

Pine Street Market is a culinary-themed marketplace and food hall housed in the historic downtown Carriage & Baggage Building, in the Market District of Portland, Oregon. Pine Street Market was touted as the ?“Most Anticipated Food Hall in America” by Eater. It has also been awarded the 2016 Art DeMuro Award for Excellence in Preservation, Reuse, and Community Revitalization and the Retail Development of the Year awards by CAB, NAIOP, SIOR, and The Portland Business Journal. Pine Street Market’s ongoing success shows how thoughtful design pursued by locals with stakes in Portland’s future can breathe new life into an entire neighborhood. Restaurant Space available today at Portland's iconic food hall. The space is fully set up for immediate use.

2nd Fl-Ste 2nd Fl

Size 9,905 SF
Space Use Office
Build-Out -
Available Now

Private offices, huddle rooms, conference room, kitchen, & breakroom

3rd Fl-Ste 3rd Fl

Size 9,905 SF
Space Use Office
Build-Out -
Available Now

Private offices, huddle rooms, conference room, kitchen, & breakroom

Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
R246024
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,032,139 CAD
  • Listing ID: 40495186

  • Date on Market: 2026-05-12

  • Last Updated:

  • Address: 126 SW 2nd Ave, Portland, OR 97204

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