Overview:
Situated in the bustling Gateway commercial district of Portland, OR, the property at 12404-12420 NE Halsey St (including 12412) offers a prime retail opportunity with excellent visibility and accessibility. This single or multi-tenant retail building spans 829, 1,932, 2,838 or 6,586 SF, with additional space considerations up to 9,424 SF, ideal for a variety of retail, office, or service-oriented businesses. The property is strategically located in a high-traffic corridor with strong demographics and proximity to major retailers and transit options.
Location:
Located on NE Halsey St, this property benefits from a high-traffic count of 25,398 vehicles per day (VPD) east of NE 122nd, ensuring maximum exposure. The site is less than half a mile from I-205 and I-84, providing seamless access to regional transportation networks and Portland International Airport. The E 122nd MAX Blue Line station (TriMet Rail) is nearby, offering convenient public transit access for employees and customers.
Space Details:
Condition: Shell condition, allowing for flexible tenant improvements to meet specific business requirements. Bathroom built out existing
Parking: Off-street parking available, enhancing convenience for customers and staff.
Signage: Opportunities for prominent building and pylon signage along NE Halsey St to maximize brand visibility.
Lease Type: Triple Net (NNN) lease, with tenants responsible for a proportional share of building expenses.
Area Highlights:
Retail Synergy: Surrounded by major retailers such as Goodwill, Bi-Mart, Planet Fitness, Dollar Tree, WinCo Foods, MOD Pizza, and Starbucks within a half-mile radius, creating a vibrant commercial hub.
Demographics: The Gateway area features strong population density and consumer spending, ideal for retail and service businesses.
Accessibility: Proximity to major freeways (I-205, I-84) and public transit (MAX Blue Line) ensures easy access for a broad customer base.
Amenities: Close to restaurants, shopping, and services, enhancing convenience for tenants and their clients.
Ideal Uses:
This property is well-suited for retail, office, or service-oriented businesses looking to capitalize on high visibility, strong traffic counts, and a strategic location in Northeast Portland’s Gateway district. The flexible shell space allows for customization to meet diverse tenant needs, from boutique retail to professional offices.
