1401 SE Morrison St | Portland, OR 97214
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This Retail Property is no longer advertised on LoopNet.com.
1401 SE Morrison St
Portland, OR 97214
Morrison Place · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- The Property is a fully occupied, six-tenant retail center primarily occupied by restaurant and food service, medical, and specialty retail.
- Over 92% of the building has been occupied for over seven years, with recent extensions exercised by Mint Dental and Stereotypes for 5 and 3 years.
- The Property sits on nearly one acre of land with mixed-use zoning, providing long-term flexibility in an area with high barriers to entry.
- Nostrana, occupies nearly a third of the building and is owned and operated by the six-time James Beard Foundation Award nominee Cathy Whims.
- The Property is an attractive, well-maintained asset with attention to detail in design and location appeal, including rare onsite parking.
- Annual lift in NOI provided by 3% rent increases each year for all tenants excluding Nostrana, who has a 5% rent increase every other year.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,411 SF
Building Class
B
Year Built/Renovated
1955/2018
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.92 AC
Zoning
CM2
Parking
44 Spaces (2.86 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
LINKS
PROPERTY TAXES
| Parcel Number | R150635 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,933,890 |
PROPERTY TAXES
Parcel Number
R150635
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,933,890
Listing ID: 28980979
Date on Market: 7/12/2023
Last Updated:
Address: 1401 SE Morrison St, Portland, OR 97214
The Buckman Retail Property at 1401 SE Morrison St, Portland, OR 97214 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
- Southeast Portland Mixed Use Properties
- Downtown Portland Mixed Use Properties
- Northeast Portland Mixed Use Properties
- North Portland Mixed Use Properties
- Old Town-Chinatown Mixed Use Properties
- Pearl Mixed Use Properties
- Boise Mixed Use Properties
- Laurelhurst Mixed Use Properties
- Montavilla Mixed Use Properties
- Argay Mixed Use Properties
- Carter Park Mixed Use Properties
- Hosford-Abernethy Mixed Use Properties
- Creston-Kenilworth Mixed Use Properties
- Southgate Mixed Use Properties
- St Johns Mixed Use Properties
NEARBY LISTINGS
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