1035 - 1055NW Northrup St
Portland OR 97209
Cosmopolitan @ The Blocks
1035 - 1055NW Northrup St Portland OR 97209
Listing #: 710681 | Status: Available | Last Modified: 3/30/2026 |
For Sale
- Phone:(206) 693-3352
- Email:seantufts@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(206) 693-2239
- Office Website:
- Agent Phone:(503) 998-6572
- Agent Email:kadatto@northmarq.com
- Agent Phone:(206) 693-3329
- Agent Email:jdugoni@northmarq.com
- Agent Phone:(425) 628-7422
- Agent Email:jhallberg@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,850,000.0
- $/SF$ 361.9
- Listing StatusAvailable
- Days on Market38
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 1.35 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7876
- Net Rentable Area7876
- Total Office SF
- Largest Contiguous SF
- Lot SF149
- Acres0.0
- Property TypeRetail
- Office Type
- Building Class
- CountyMultnomah
- Vicinity
- Location Description
- Second Address
- Cross Street1225-1265 NW 10th Ave
- Market AreaNot Assigned
- Tax ID #R676584
- Additional ParcelsR676585, R676586, R676587, R676588, R676589
- Zoning
- Year Built2016
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Cosmopolitan @ The Blocks
• 7,876 SF retail condo in Portland’s Pearl District • Strong value-add opportunity at 45% occupancy leased to Tea Bar and Pizzicato (both in place since 2016 and expected to extend) • Pizzicato is a well-known Portland pizza brand operated by the same restaurateur behind Lovejoy Bakers • Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail) • Benefits from ~1,200 nearby residential condo units and strong walkable density.