503-221-9900
700-724 SW 3rd Ave, Portland, OR for Sale
Loft/Creative Space - FOR SALE
1/8
null | Request Cap Rate

700-724 SW 3rd Ave
Portland, OR 97204
Waterfront


HIGHLIGHTS

  • Nearly $1 million in recent capital improvements have been made, including upgrades to the roof, HVAC systems, boiler, and electrical infrastructure.
  • Listed as a local Historic Landmark and nominated for the National Register of Historic Places, the property sits within a designated Opportunity Zone
  • This ±71,568 RSF mixed-use asset offers a rare investment opportunity in Portland’s Central Business District with office, retail, and parking.

OVERVIEW

The Mohawk Building is an approximately 71,568 rentable square foot mixed-use asset prominently located in the heart of the Portland Central Business District, across SW Third Avenue from the Pioneer Place regional mall and on the SW Morrison Street MAX light-rail line. The offering consists of two connected buildings, the four-story Mohawk Building and the two-story Mohawk Gallery Building, plus subterranean parking underneath both structures. The asset is currently approximately 40% leased: CareOregon (±28,597 RSF through October 31, 2025) City Center Parking (leased parking area) The Mohawk Building has three floors of creative office space with the 3rd and 4th floors currently combined as one suite with an internal stairwell. The Mohawk Building’s approximately 14,263 RSF second floor is currently in shell condition following demolition and space preparation, awaiting tenant improvements. The unique 14,000+ RSF single floors, high ceilings and large windows overlooking SW 3rd Avenue and SW Morrison provide the opportunity for first-class creative space in the market. The Mohawk Gallery Building currently has two spaces that have unique architectural features and a view of the glass atrium between the suites. Purchaser may explore re-capturing the atrium space to consolidate into one suite that may deliver the most unique creative office opportunities in the CBD.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mohawk Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

CXd, Portland

APN/PARCEL ID

R245981

ASK ABOUT THIS PROPERTY

Brandon O'LearyKidder MathewsMore Info
503-221-9900

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Brandon O'LearyKidder MathewsMore Info
503-221-9900

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