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The Kailes Building 118-128 NW 23rd Ave 9,850 SF 50% Leased Retail Building Portland, OR 97210 $1,875,000 ($190.36/SF)
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
50%
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 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R277712 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $960,360 |
Property Taxes
Parcel Number
R277712
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$960,360
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Contact the Sale Advisor
The Kailes Building | 118-128 NW 23rd Ave