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Hawthorne Masonic Building | Mixed-Use 3862 SE Hawthorne Blvd 16,630 SF 39% Leased Retail Building Online Auction Sale Portland, OR 97214
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Own a piece of history in Southeast Portland with the Hawthorne Masonic Building, a mixed-use property with value-add potential.
- SE Hawthorne Boulevard is a highly trafficked and coveted retail corridor, seeing over 16,800 vehicles daily.
- Directly across from Fred Meyer and in a retail hub blending an eclectic mix of local shops with national brands.
- Sitting at one of the busiest intersections on the east side of Portland, it provides any business with significant visibility to grow its brand.
- Multifaceted building featuring a diverse tenant mix with a theater, restaurant, and retail space, allowing for an additional tenant to join.
- $800,000 in capital improvements including new main electrical service (1200 amps), reconstructed south wall and facade, and new some new windows.
EXECUTIVE SUMMARY
Hawthorne Masonic Building, a historic landmark, stands at the bustling crossroads of SE Hawthorne Boulevard and SE César E Chávez Boulevard in southeast Portland. Originally constructed in 1919, it was initially a pivotal gathering place for the Masonic community. Over the last hundred years, this venerable structure has witnessed considerable evolution and transformation. It has accommodated an eclectic mix of tenants ranging from pubs, a comedy club, and a restaurant to an art gallery, a record store, and, in its latest incarnation, a venue for live music and performances. The property rings in at an impressive 16,630 square feet spread across three stories. Its iconic architecture and façade draws in consumers from all over the area. Buyers have the chance to lease out the remaining on-site vacancy at market rates or alternatively utilize the theatre/music venue for their own use. Great opportunity for an owner-user for a theatre or music venue.
Recent capital improvements for over $800,000, with major items completed being new building main electrical service (1200 amps), reconstructed south wall and facade of 1 story section, and new and rehabbed historically correct wood windows along the complete facade.
Vibrant and diverse, the Hawthorne district is known for its eclectic mix of shops and restaurants. The area has a bohemian vibe, with several independent theaters, art galleries, and music venues. Additionally, the district is pedestrian-friendly and is well-served by public transportation, with several bus lines running along Hawthorne Boulevard. It’s also a bike-friendly area, with designated bike lanes and paths.
Nestled at the confluence of the Willamette and Columbia Rivers in northwestern Oregon lies the city of Portland, nicknamed the Rose City, The City of Roses, and Beervana because it has more microbreweries inside the city limits than any other city in the world. Once reliant on timber, fishing, and agriculture, Portland’s diversified economy now includes technology, healthcare, and education, with a special emphasis on clean technology, advanced manufacturing, software, and active wear. Fortune 1,000 companies Nike, Precision Castparts, Stancorp Financial Group, and Schnitzer Steel call Portland home. Providence, Legacy, and Kaiser support a combined 45,036 jobs, underscoring the importance of the healthcare industry to the Portland-Vancouver-Hillsboro MSA. And straddling the healthcare and education sectors is the Oregon Health & Science University (OHSU). With 19,136 employees and approximately 3,000 students, this nationally-renowned public university is one of the nation’s top biomedical research facilities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Recent capital improvements for over $800,000, with major items completed being new building main electrical service (1200 amps), reconstructed south wall and facade of 1 story section, and new and rehabbed historically correct wood windows along the complete facade.
Vibrant and diverse, the Hawthorne district is known for its eclectic mix of shops and restaurants. The area has a bohemian vibe, with several independent theaters, art galleries, and music venues. Additionally, the district is pedestrian-friendly and is well-served by public transportation, with several bus lines running along Hawthorne Boulevard. It’s also a bike-friendly area, with designated bike lanes and paths.
Nestled at the confluence of the Willamette and Columbia Rivers in northwestern Oregon lies the city of Portland, nicknamed the Rose City, The City of Roses, and Beervana because it has more microbreweries inside the city limits than any other city in the world. Once reliant on timber, fishing, and agriculture, Portland’s diversified economy now includes technology, healthcare, and education, with a special emphasis on clean technology, advanced manufacturing, software, and active wear. Fortune 1,000 companies Nike, Precision Castparts, Stancorp Financial Group, and Schnitzer Steel call Portland home. Providence, Legacy, and Kaiser support a combined 45,036 jobs, underscoring the importance of the healthcare industry to the Portland-Vancouver-Hillsboro MSA. And straddling the healthcare and education sectors is the Oregon Health & Science University (OHSU). With 19,136 employees and approximately 3,000 students, this nationally-renowned public university is one of the nation’s top biomedical research facilities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOURS
Tour the On-Site Restaurant Lucky 13
/3
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Movie Theater
Building Size
16,630 SF
Building Class
C
Year Built
1919
Percent Leased
39%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.23
Lot Size
0.31 AC
Parcel Number
R229478
Zoning
CM2 - Commercial Mixed-Use
Parking
10 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 2nd Floor
- 4,328 SF
- Office
- -
- 30 Days
- 3rd Floor
- 1,078 SF
- Office
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 224 SF | Office | - | 30 Days |
| 2nd Floor | 4,328 SF | Office | - | 30 Days |
| 3rd Floor | 1,078 SF | Office | - | 30 Days |
1st Floor
| Size |
| 224 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
2nd Floor
| Size |
| 4,328 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
3rd Floor
| Size |
| 1,078 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 224 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (100)
ABOUT SE CLOSE-IN
The Powell Boulevard (Highway 26) corridor is one of the busiest non-freeway arterials in Southeast Portland. Residential development is interspersed on the north and south sides of Powell Boulevard, which bisects the neighborhood, traveling east and west. The arterial connects to Interstate 205 to the east and the Ross Island Bridge and South Waterfront Area further west. Larger big-box commercial development is predominantly clustered around signalized intersections, with smaller office and retail uses dotted along the major arterials.
Reed College—a private liberal arts institution founded in 1908—is located near the northwest intersection of Southeast Woodstock Boulevard and Southeast 28th Avenue. Cleveland High School serves the area’s secondary educational needs. There are numerous recreational opportunities nearby, highlighted by Mt. Tabor Park, with ample hiking trails and picturesque views of the downtown skyline to the west.
The area continues to be a popular destination for home buyers, who have taken advantage of the quiet residential streets and ease of access to local services. Modes of transportation such as biking and walking are popular.
Rental rates are attractive when compared to the central core, and the minimal new retail construction on the horizon won’t add competition to existing spaces in the near term. The area offers a viable alternative to tenants or businesses looking to relocate from Portland’s more expensive clusters, with an active and dedicated community base supporting local businesses. Traffic counts along Powell Boulevard generally range from 19,000 to upwards of 22,000 vehicles per day, some of the highest in the neighborhood.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
31,681
219,017
502,610
2020 Population
33,488
223,644
511,108
2029 Population
30,912
215,226
495,207
2024-2029 Projected Population Growth
-2.4%
-1.7%
-1.5%
Daytime Employees
11,502
205,268
453,247
Total Businesses
2,043
25,774
48,749
Average Household Income
$125,876
$110,764
$107,619
Median Household Income
$99,905
$84,805
$81,609
Total Consumer Spending
$539.2M
$3.4B
$7.5B
Median Age
39.6
39.9
39.6
2024 Households
14,683
101,937
225,051
Percent College Degree or Above
39%
33%
30%
Average Home Value
$702,488
$646,920
$608,109
NEARBY MAJOR RETAILERS
ABOUT THE SELLER
Site Specific is a commercial real estate developer and owner/operator based out of San Francisco, CA.
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SALE ADVISORS
SALE ADVISORS
Robbie MacNichol, Senior Associate
Robbie specializes in retail properties in the pacific northwest, with a focus on sales, leasing, and development of standalone multitenant and mixed-use projects, Robbie has established himself as a trusted expert in the industry. Born and raised in Portland, Oregon, and with a BA in Politics from Whitman College, Robbie provides a unique viewpoint into the Pacific northwest retail market. He firmly believes in prioritizing the cultivation of long-term relationships over quick transactions, ensuring that every deal he brokers aligns seamlessly with his clients' strategic goals. His extensive knowledge of the local market and a knack for innovation and creative solutions allow him to provide tailored solutions that not only meet but exceed his clients' expectations, maximizing value every step of the way.
With seven years of experience in the industry, he has worked on assignments ranging from leasing, sales, and acquisitions of retail properties to working with developers on land sales and purchases. Robbie has worked with local tenants and landlords as well as institutional groups, such as Pistils Nursey, LuLu Bar, High Noon, Greystar, Magnolia Capital and many more.
Robbie is an active member of prominent industry organizations, including the Commercial Association of Brokers (CAB), International Council of Shopping Centers (ICSC), and the National Association for Industrial and Office Parks (NAIOP).
With seven years of experience in the industry, he has worked on assignments ranging from leasing, sales, and acquisitions of retail properties to working with developers on land sales and purchases. Robbie has worked with local tenants and landlords as well as institutional groups, such as Pistils Nursey, LuLu Bar, High Noon, Greystar, Magnolia Capital and many more.
Robbie is an active member of prominent industry organizations, including the Commercial Association of Brokers (CAB), International Council of Shopping Centers (ICSC), and the National Association for Industrial and Office Parks (NAIOP).
Tamer Riad, Senior Associate
Tamer specializes in retail in the Portland Metro area as well as surrounding markets and cities. Disciplines include leasing, acquisition, and sales of commercial real estate properties.
With 20+ years working in the food & beverage industry as well as hospitality as a whole, he has unique insight into the needs of retail Tenants, specifically restaurants, bars and hotels. He's worked with some of Portland's most popular brands including Pok Pok, Bridge & Burn, Saxx, Boke Bowl. He also consults for small businesses and startups from business planning to implementation and lease negotiations.
He is also a small business owner and co-owner of The Aalto Lounge, Wonderly Bar and Crewel Summer plant shop.
With 20+ years working in the food & beverage industry as well as hospitality as a whole, he has unique insight into the needs of retail Tenants, specifically restaurants, bars and hotels. He's worked with some of Portland's most popular brands including Pok Pok, Bridge & Burn, Saxx, Boke Bowl. He also consults for small businesses and startups from business planning to implementation and lease negotiations.
He is also a small business owner and co-owner of The Aalto Lounge, Wonderly Bar and Crewel Summer plant shop.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Molly Patten
Contact
Auctioneer License:
Ten-X RE Arlene Richardson RE Brkr 201215355
1 of 26
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Hawthorne Masonic Building | Mixed-Use | 3862 SE Hawthorne Blvd
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Hawthorne Masonic Building | Mixed-Use | 3862 SE Hawthorne Blvd
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