2032-2038 SE Clinton St - Storefront FOR SALE


Portland, OR 97202- Hosford-Abernethy
$4,750,000 USD
503-210-4068
2032-2038 SE Clinton St, Portland, OR for Sale
$4,750,000 USD
Storefront - FOR SALE
1/3
null | 6.66% Cap Rate

2032-2038 SE Clinton St
Portland, OR 97202
Hosford-Abernethy


HIGHLIGHTS

  • 2 buildings, fully occupied by service-oriented tenants on NNN leases. Class A attractive 2005 construction.
  • Proximity to many amenities, restaurants, retail, coffee, community centers w/ nearby parks with a high walk score of 95 and a bike score of 99.
  • Tenants representing 73% of the GLA have occupied the Property since at least 2006.
  • Xenana Spa & Wellness, 82 Acres, Blink Optometry & American Pacific Mortgage all recently executed extensions, contributing to a 3.9-year WALT.
  • Average household incomes exceed $150,000 within a half mile of the Property.
  • Over 3,700 multifamily units have been built since 2022 or are currently in the process of being developed (2-mile radius).

OVERVIEW

The Subject Property is a creatively designed, fully-occupied retail asset featuring Class A construction completed in 2005 and is leased to a strong mix of service-oriented tenants on NNN leases. The Property boasts exceptional tenant stability, with 73% of the GLA in place since 2006 and a recent 10-year renewal by Xenana Spa & Wellness. Additional renewals with 82 Acres, Blink Optometry, & American Pacific Mortgage have been inked since October 2025, demonstrating continued stability. Located in a highly walkable and bike-friendly Portland neighborhood (Walk Score: 95, Bike Score: 99), the Property is surrounded by restaurants, retail, parks, and community hubs. Strong local demographics include average household incomes exceeding $150,000 within a half-mile, and the area continues to densify with over 3,700 multifamily units delivered or underway since 2022 (2-mile radius).

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$896 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21st and Clinton

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

CM1 – Commercial Mixed Us

APN/PARCEL ID

R110560

ASK ABOUT THIS PROPERTY

Michael KapnickNorthmarqMore Info
503-210-4068

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

Michael KapnickNorthmarqMore Info
503-210-4068

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