704 SE Washington & 624 SE 7th, Portland, OR — Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Portland, OR 97214
  • Size: 12,565 SF

Description

Retail | Building Size: 12,565 SF | Land Area: 0.45 ac

Market Context

This retail in Portland, OR is listed for sale across 12,565 SF. It has been on the market for 175 days. Compare it against other retail listings for sale in Portland, OR — view the full market.

As of Q1 2026, the Portland retail market showed a 10.0% vacancy rate, average asking rents near $45.00/SF/yr, rents up 16.0% year over year, and cap rates around 6.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Portland?
About 6.4% as of Q1 2026, per multiple brokerage reports.
Is the Portland retail market tightening or softening?
Vacancy is around 10.0%, with asking rents rising year over year (Q1 2026).

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