9700 Capitol HwyPortland, OR 97219

For Lease
$21.50/SF/YR

Portland Office Building, Abundant Amenities

Overview

Added:
Dec 11, 2024
Days on market:
94
This two-story, 28,590 square foot traditional office building in Portland, Oregon's desirable Southwest area, offers a unique investment opportunity. Located at 9700 SW Capitol Hwy, 97219, in Multnomah County, the property sits on a 1.36-acre lot and boasts 99 on-site parking spaces. Currently, there is 2,783 square feet of vacant space available, divisible into units ranging from 1,268 to 1,515 square feet. The building features large windows providing abundant natural light and spectacular views of Mt. Hood. Its convenient location offers easy access to downtown Portland and I-5, with numerous shopping and dining options nearby. Recent capital improvements include a 2017 roof replacement (25-year warranty) and skylight replacement, along with HVAC upgrades (5 of 14 units replaced since 2018). Common area enhancements include a 2018 lobby remodel with new PDK systems, 2021 security camera installation, and approximately $250,000 in restroom renovations. Landscaping improvements completed in 2021 include new retaining walls, an outdoor eating area, and a garden. This stabilized asset presents a significant opportunity for mixed-use development. The property is a multiple-tenancy building with elevators.

Highlights

  • 28,590 square feet of rentable office space.
  • Built in 1984.
  • 1.36-acre lot.
  • Two-story office building.
  • 96% occupancy.
  • CM2 zoning.

Property Details for 9700 Capitol Hwy

Property type
Other office properties, Office properties
RSF (Rentable sq. ft)
28,590 SF
Stories
2

Unit(s) available at that property

Space
Suite 100
Size
1,515 SF
Rate per SF
$21.50

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.455066933779
Longitude
-122.7196246736
9700 Capitol Hwy, Portland, Oregon

FAQs

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9700 Capitol Hwy
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