1400-1416 SE Morrison St - Storefront FOR SALE


Portland, OR 97214- Buckman
$2,725,000 USD
503-451-0745
1400-1416 SE Morrison St, Portland, OR for Sale
$2,725,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

NEW


1400-1416 SE Morrison St
Portland, OR 97214
Buckman


HIGHLIGHTS

  • Quick access to major streets such as Belmont, Hawthorne, and Burnside.
  • Property is equipped with 3-phase power.
  • Includes a rooftop solar installation.
  • Roll up door with interior dock.
  • Previous tenants utilized sidewalk and parking stalls as overflow seating for their respective bar and restaurant uses.
  • 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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,500 SF

ZONING

CS, Portland

APN/PARCEL ID

R150630

ASK ABOUT THIS PROPERTY

Cameron SchwabKW CommercialMore Info
503-451-0745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cameron SchwabKW CommercialMore Info
503-451-0745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.