3611 SW Hood Ave 12,193 SF Office Building Portland, OR 97239 $2,615,407 CAD ($214.50 CAD/SF)

3611 S Hood Avenue – Owner-User Opportunity with Significant Redevelopment Upside
Positioned in one of Portland’s most desirable close-in neighborhoods, this vacant office building at 3611 S Hood Avenue offers a rare combination of immediate usability and long-term redevelopment potential.
The existing building presents an ideal opportunity for an owner-user seeking to customize and occupy a well-located office asset, with flexibility for a variety of professional or creative uses. The vacant condition allows for immediate occupancy and tailored improvements without disruption.
In addition to its near-term utility, the property represents a compelling covered land play. Zoning allows for the development of approximately 60 residential units, creating a strong upside for investors and developers targeting the highly sought-after South Waterfront submarket.
The location is a standout feature, offering:
Elevated views of the South Waterfront and Mt. Hood
Proximity to OHSU, downtown Portland, and the Willamette River
Easy access to major transportation corridors and neighborhood amenities
With limited comparable opportunities combining views, zoning flexibility, and prime location, 3611 S Hood Avenue is well-positioned to attract both owner-users and redevelopment-focused buyers.