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Off Market
1/6

1221-1241 SW 10th Ave
Portland, OR 97205


HIGHLIGHTS

  • Mixed-Use Building: Strategically designed to generate consistent foot traffic through diverse retail and residential spaces.
  • Established Tenants: Features long-term tenants with proven track records, enhancing stability and reliability.
  • NNN Leases: Triple net leases in place, ensuring reimbursement of building expenses such as taxes, insurance and maintenance.
  • Prime Location: Situated adjacent to Safeway and amidst popular downtown retail.
  • Proximity to Portland State University: Located less than half a mile from PSU’s 44-acre campus, serving over 21,000 students w/ a $1.8B impact.

OVERVIEW

Eliot Tower is one of Portland’s premier condominium buildings, featuring 18 stories with 223 residential condos. As the Core Business District of Portland evolves and recover from Covid related vacancies, now is the best time to take advantage of the opportunity to purchase real estate and reap the rewards as improvement takes hold. The property is well situated in the middle of the CBD next door to Safeway and less than half a mile from the 44 acre Portland State University Campus teaching more than 21,000 students. The property is located just west of the city park blocks on Jefferson Street and sandwiched between SW 10th and SW 11th Avenue with close proximity to Interstate 405 (Average Daily Traffic Counts Exceed 130K Vehicles, 2022 Costar) and Highway 26 (Average Daily Traffic Counts Exceed 77K Vehicles, 2022 Costar) Interchange.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Eliot Tower Retail Condominium R1

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

527780

STORIES

18

YEAR BUILT

2006

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

R586499,R586529,R586533,R586534,R586551,R586552,R586553,R586564,R586568,R586583,R586596,R586599,R586606,R586613,R586616,R586620,R586632,R586635,R586642,R586651,R586653,R586658,R586668,R586677,R586690,R586696,R586703,R586705,R586706,R586707,R586710,R586713,R586716,R586930,R586931,R587057,R587085,R587126