Pythian Building 918 SW Yamhill St 46,407 SF Office Building Portland, OR 97205 $2,500,000 ($53.87/SF)

Colliers is pleased to present the Pythian Building, one of downtown Portland's most architecturally distinctive historic assets. Built in 1907 and originally constructed as a Masonic lodge (the Knights of Pythias), the six-story masonry building has served the block at SW Yamhill and SW 9th for over a century and today combines ground-floor retail with upper-floor office and event space across roughly 46,407 square feet.
Pythian is available individually or as a paired purchase with the neighboring Blanchard Building. Together, the two properties total 20,000 SF of land under shared zoning and district overlay, a rare contiguous assemblage opportunity in one of the most attractive locales in the city.
The building's character-defining features, which include detailed masonry facade, high ceilings, large arched windows and open, flexible floor plates, give it a level of architectural presence that is truly unique, and lends itself naturally to assembly, event, and hospitality-adjacent uses. Pythian boasts four separate floors with rare features like hardwood flooring, raised stage platforms, large wall mirrors, ornamental millwork, and period chandeliers, giving the space an elegant, theatrical character.
Beyond its architecture, the Pythian carries genuine cultural history. The building's dance hall hosted Portland's psychedelic-era rock scene in the late 1960s (bands playing bills that also featured the Grateful Dead, The Doors, and Big Brother and the Holding Company came through the venue), along with countless other music and dance events throughout the mid-20th century. The Adrianna Hill Grand Ballroom on the 2nd floor is a well-known Portland wedding and events venue that in past years has drawn a steady stream of visitors to the address.
They Pythian sits one block from Pioneer Courthouse Square, Portland's most heavily trafficked public space, and directly across from Director Park. The location benefits from direct MAX Light Rail and Portland Streetcar access, exceptional walkability, and immediate proximity to Nordstrom, Pioneer Place, and the broader retail core. Ground-floor retail tenants benefit from heavy pedestrian frontage on SW Yamhill, and adjacent positioning to Portland Smart Park directly across Yamhill Street.