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Investment Highlights

  • Heavy Foot and Vehicle Traffic
  • Open, Flexible Floorplan
  • Popular Tourist and Local Retail Destination

Executive Summary

NEW PRICE!!! This iconic space is ideally located on busy NW 23rd Avenue in bustling NW Portland. Steps away from some of Portland’s best shops, eateries, bars and local establishments. Quickly accessed via bus and street car with great local and tourist traffic, this location is unbeatable. The full floor second story space is ready to occupy, and with it's open layout, built-in-bar and kitchen it is well suited for a number of service-related uses. Ground level occupied by long-term, well established tenant Crossroads Trading.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,850 SF
Building Class
C
Year Built
1910
Price
$1,875,000
Price Per SF
$190.36
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.12 AC
Zoning
C3
Frontage
52’ on 23rd Ave

Amenities

  • Bus Line
  • Commuter Rail
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Crossroads Trading Co began in 1991 when founders Jerry Block and Chip Gerken pioneered the secondhand clothing resale model. The company operates numerous nationwide locations where customers can buy or sell gently used garments. Crossroads focuses on contemporary and designer brands while promoting sustainability through clothing reuse. Their business includes both in-store transactions and a mail-in selling program. The company has maintained steady growth by adapting to fashion trends and expanding its geographic footprint over three decades.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 120
  • 4,850 SF
  • Retail
  • -
  • Now

RESTAURANT, SPEAKEASY, BAR, RETAIL - APPROX. 4,800 SQUARE FEET Formerly an upscale pool hall and wine bar for 20+ years, this iconic, full floor space is securely located on the 2nd level and has a built-in bar and kitchen. Steps away from some of Portland’s best shops, eateries, and bars on trendy NW 23rd Ave. Quickly accessed via bus and Streetcar with great local and tourist traffic, this location is unbeatable. An occupancy rating of A2* allows for a variety of office/service/retail options. * Tenant to verify

Space Size Space Use Position Available
120 4,850 SF Retail - Now

120

Size
4,850 SF
Space Use
Retail
Position
-
Available
Now

120

Size 4,850 SF
Space Use Retail
Position -
Available Now

RESTAURANT, SPEAKEASY, BAR, RETAIL - APPROX. 4,800 SQUARE FEET Formerly an upscale pool hall and wine bar for 20+ years, this iconic, full floor space is securely located on the 2nd level and has a built-in bar and kitchen. Steps away from some of Portland’s best shops, eateries, and bars on trendy NW 23rd Ave. Quickly accessed via bus and Streetcar with great local and tourist traffic, this location is unbeatable. An occupancy rating of A2* allows for a variety of office/service/retail options. * Tenant to verify

Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

Chase Bank
HomeStreet Bank
U.S. Bank
Starbucks
Fred Meyer
Bank of Montreal
Keybank
Columbia Bank
Bank of America
Laughing Planet

Property Taxes

Property Taxes

Parcel Number
R277712
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$960,360
  • Listing ID: 35675172

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 118-128 NW 23rd Ave, Portland, OR 97210

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