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Streetcar Lofts @ The Blocks

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Streetcar Lofts @ The Blocks

1030 NW 12th Ave, Portland, OR 97209
Retail For Sale Available Built 2001 1 floors
Asking Price
$2,000,000
Total Building9,193 SF
Available9,193 SF avail
Land324 SF land
MarketNot Assigned
CountyMultnomah

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
306591
Listing ID
710702
Type
Retail
Asset Class
Retail
Zoning

Description

• 9,193 SF retail condo in Portland’s Pearl District• Signi?cant value-add / repositioning opportunity at 9%occupancy with 8,376 SF of available space across four suites• Sole tenant is Adore Day Spa (817 SF), a 15-year tenant with a lease through May 2030 and 1, 5-year option• Signi?cant below-market pricing at $218/SF presents a compelling basis relative to replacement cost• Available suites offer ?exibility for owner-occupancy, creative re-tenanting, or potential larger format spaces• Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail)• Supported by ~1,200 nearby residential condo units and strong walkable density

Listing Courtesy of:

ST
Sean Tufts
Northmarq Commercial, LLC
130 Nickerson Street, Ste 211,
Seattle, WA 98109
State: OR City: Portland ZIP: 97209 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.