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1400-1416 SE Morrison St 11,374 SF 38% Leased Retail Building Portland, OR 97214 $2,725,000 ($239.58/SF)
INVESTMENT HIGHLIGHTS
- Quick access to major streets such as Belmont, Hawthorne, and Burnside.
- Includes a rooftop solar installation.
- Previous tenants utilized sidewalk and parking stalls as overflow seating for their respective bar and restaurant uses.
- Property is equipped with 3-phase power.
- Roll up door with interior dock.
- Perfect for a 5,000 - 6,000 Sq Ft owner user who could occupy the flex portion of the building with or without one of the retail spaces on Morrison.
EXECUTIVE SUMMARY
The Peacock Building is a multi-tenant retail building located in the Buckman neighborhood of inner SE Portland. This 11,374 square foot building offers five versatile suites with a variety of commercial uses, including retail, restaurant, and flex/tech.
The building features three leased units and two units available for owner-users or tenants. The four spaces suitable for bars, restaurants, and retail range from 666 SF to 2,582 SF. Additionally, there is a 5,162 SF flex space with a roll-up door, allowing an owner to occupy more than 50% of the building. Recent tenants have included bars, a pastry shop, an event space, and a manufacturing/flex user, indicating the building's adaptability to various commercial needs.
Buckman is a lively mixed-use neighborhood featuring some of Portland's most popular event spaces and dining options. The property is within walking distance of popular restaurants and stores like Nostrana, Astera, Market of Choice, and Kachka.
The building features three leased units and two units available for owner-users or tenants. The four spaces suitable for bars, restaurants, and retail range from 666 SF to 2,582 SF. Additionally, there is a 5,162 SF flex space with a roll-up door, allowing an owner to occupy more than 50% of the building. Recent tenants have included bars, a pastry shop, an event space, and a manufacturing/flex user, indicating the building's adaptability to various commercial needs.
Buckman is a lively mixed-use neighborhood featuring some of Portland's most popular event spaces and dining options. The property is within walking distance of popular restaurants and stores like Nostrana, Astera, Market of Choice, and Kachka.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
11,374 SF
Building Class
C
Year Built
1928
Price
$2,725,000
Price Per SF
$239.58
Percent Leased
38%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.99
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CS, Portland - Commercial
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R150630 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $445,820 |
PROPERTY TAXES
Parcel Number
R150630
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$445,820
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1400-1416 SE Morrison St
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