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615 SE Alder St
Portland, OR 97214 Central Eastside

$6,675,000 USD

General Retail For Sale • 35,528 SF

Property Details

Property Type General Retail
Total Building Size 35,528 SF
Lot Size 0.38 AC
Building Class C
Year Built 1925
Cap Rate 7.51 %
Tenancy Single
Zoning EXd

72 Transit Score

92 Walk Score

                
                    Highlights
                
                                Fully leased NNN investment with 7.51% cap rate
                            
                                Renovated structure with no seismic upgrades required
                            
                                Located in Portland’s Central Eastside Industrial District
                            
                                Positioned within Opportunity and Enterprise Zones
                            
                                Surrounded by top-tier dining, nightlife, and fitness options
                            
                                Strong tenant mix with long-term lease stability

Property Flyers

615 SE Alder St_Melody Ballroom_OM_10_2025.

Cap Rate:

7.51 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Realm	21,347 SF	8/31/2030
The Get Down	14,181 SF	12/31/2027

Amenities

24 Hour Access
Corner Lot
Wheelchair Accessible

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	1.6 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	19 min	-	9.1 mi
Airport	Drive	Walk	Distance
Portland International	20 min	-	11.6 mi

Jason VanAbrams 503-314-1099 Capacity Commercial Group LLC

615 SE Alder St Portland, OR 97214 Central Eastside