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1536 NW 23rd Ave 3,992 SF 57% Leased Retail Building Portland, OR 97210 $1,871,694 CAD ($468.86 CAD/SF) 6.65% Cap Rate

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EXECUTIVE SUMMARY

• 1734 SF of Retail / Office Suite Available for Owner-User Buyer
• Ground floor and Street-level tenants in place
• Ideal for Small Office, Therapist, Massage, Etc
• Located in Slabtown at the north end of NW 23rd Ave
• High Visibility on popular NW 23rd (±11,000 ADT)
• One Minute to Hwy 30 to I-405 On / Off Ramps
• TriMet Bus Stops out front @ 23rd & Raleigh St
• Nearby Retail & Services: Portland Running Co, Bull, Run Distillery, Matador, Kate’s Ice Cream, St. Jack, Pine State Biscuits, Moberi, Life of Pie, McMenamins, Breakside Brewery, CVS, New Seasons, Orange Theory, Grassa, Lela’s Bistro, Case Study Coffee, Legacy-Good Samaritan Hospital

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,992 SF
Building Class
C
Year Built
1908
Price
$1,871,694 CAD
Price Per SF
$468.86 CAD
Cap Rate
6.65%
NOI
$124,419 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.02
Lot Size
0.09 AC
Zoning
CM2 - CM2 (Commercial Mixed Use 2)
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
10’ on 23rd & Raleigh

AMENITIES

  • Bus Line
  • Metro/Subway
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Restaurant St Jack
  • Retailer
  • -
  • -
  • -
  • Superette
  • -
  • -
  • -
  • -
  • The Natural Path
  • Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Restaurant St Jack Retailer - - -
Superette - - - -
The Natural Path Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 2nd Floor
  • 1,734 SF
  • Office/Retail
  • In-Line
  • Now

These retail / office suite spaces boast an excellent location in the north end of the NW 23rd retail district, while also being on the west end of popular and growing Slabtown. Highly visible building and directly on the corner of NW 23rd Ave and NW Raleigh Street. The NW 23rd retail district is the home to a wide variety of both local and national brands, including nearby neighbors like: Portland Running Co, Bull Run Distillery, Matador, Kate’s Ice Cream, Case Study Coffee, St. Jack, Pine State Biscuits, Moberi, Life of Pie, McMenamins, Breakside Brewery, CVS, New Seasons, Orange Theory, Grassa, Lela’s Bistro, Case Study Coffee, Legacy-Good Samaritan Hospital The available spaces are approximately 650 and 1,084 square feet. The second floor offers a suite with 5 rooms and 1 restrooms, and the third floor space is 1 room with a bonus storage space. Don't miss the beautiful hardwood floors and an abundance of natural light via the large windows.

Space Size Space Use Position Available
2nd Floor 1,734 SF Office/Retail In-Line Now

2nd Floor

Size
1,734 SF
Space Use
Office/Retail
Position
In-Line
Available
Now

2nd Floor

Size 1,734 SF
Space Use Office/Retail
Position In-Line
Available Now

These retail / office suite spaces boast an excellent location in the north end of the NW 23rd retail district, while also being on the west end of popular and growing Slabtown. Highly visible building and directly on the corner of NW 23rd Ave and NW Raleigh Street. The NW 23rd retail district is the home to a wide variety of both local and national brands, including nearby neighbors like: Portland Running Co, Bull Run Distillery, Matador, Kate’s Ice Cream, Case Study Coffee, St. Jack, Pine State Biscuits, Moberi, Life of Pie, McMenamins, Breakside Brewery, CVS, New Seasons, Orange Theory, Grassa, Lela’s Bistro, Case Study Coffee, Legacy-Good Samaritan Hospital The available spaces are approximately 650 and 1,084 square feet. The second floor offers a suite with 5 rooms and 1 restrooms, and the third floor space is 1 room with a bonus storage space. Don't miss the beautiful hardwood floors and an abundance of natural light via the large windows.

Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Corepower Yoga
Yoga Six
Orangetheory Fitness
New Seasons Market
Wells Fargo
Club Pilates
Starbucks
Dutch Bros
Keybank
Columbia Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R141382
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$557,064 CAD
  • Listing ID: 35485583

  • Date on Market: 2025-04-14

  • Last Updated:

  • Address: 1536 NW 23rd Ave, Portland, OR 97210

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