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1400-1416 SE Morrison St 11,374 SF 55% Leased Retail Building Portland, OR 97214 $3,447,350 CAD ($303.09 CAD/SF)
Investment Highlights
- Quick access to major streets such as Belmont, Hawthorne, and Burnside.
- Includes a rooftop solar installation.
- Perfect for a 5,000 - 6,000 Sq Ft owner-user who could occupy the flex portion of the building with or without one of the retail spaces on Morrison.
- Property is equipped with 3-phase power.
- Roll-up door with interior dock.
Executive Summary
The Peacock Building is a multi-tenant retail building located in the Buckman neighborhood of inner SE Portland. This 11,374 square foot building offers five versatile suites with a variety of commercial uses, including retail, restaurant, and flex/tech.
The building features four leased retail units with Morrison St frontage and one unit available for owner-users or a flex tenant. The four spaces suitable for bars, restaurants, and retail range from 666 SF to 2,582 SF, respectively. The fifth space is the other half of the building, with access off SE 14th. This roughly 5,162 SF flex space allows for the Buyer to occupy half of the building (from a lending perspective).
With the wide range of previous tenants including bars, a pastry shop, an event space, and a manufacturing/flex user, this opportunity makes for a versatile investment.
The Buckman neighborhood is a lively mixed-use neighborhood featuring some of Portland's most popular event spaces and dining options. The property is within walking distance of popular restaurants and stores like Nostrana, Astera, Market of Choice, and Kachka.
The building features four leased retail units with Morrison St frontage and one unit available for owner-users or a flex tenant. The four spaces suitable for bars, restaurants, and retail range from 666 SF to 2,582 SF, respectively. The fifth space is the other half of the building, with access off SE 14th. This roughly 5,162 SF flex space allows for the Buyer to occupy half of the building (from a lending perspective).
With the wide range of previous tenants including bars, a pastry shop, an event space, and a manufacturing/flex user, this opportunity makes for a versatile investment.
The Buckman neighborhood is a lively mixed-use neighborhood featuring some of Portland's most popular event spaces and dining options. The property is within walking distance of popular restaurants and stores like Nostrana, Astera, Market of Choice, and Kachka.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,374 SF
Building Class
C
Year Built
1928
Price
$3,447,350 CAD
Price Per SF
$303.09 CAD
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.99
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CM2 - Comm'l Mixed Use 2 - CM2 - Commercial Mixed Use 2
https://www.portlandmaps.com/bps/zoning/#/zones/base/CM2
Frontage
Amenities
- Bus Line
- Signage
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R150630 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $620,608 CAD |
Property Taxes
Parcel Number
R150630
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$620,608 CAD
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1400-1416 SE Morrison St
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