949 NW Overton St
Portland OR 97209
Encore @ The Blocks
949 NW Overton St Portland OR 97209
Listing #: 710682 | 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$ 670,000.0
- Listing StatusAvailable
- Days on Market38
- Asset ClassRetail
- Terms
- CondoYes
- Condo $/SF478
- Condo SF1,400
- Condo Parcel #
- Condo Fees
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 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 SF1400
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF45960
- Acres1.06
- Property TypeRetail
- Office Type
- Building Class
- CountyMultnomah
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #R619844
- Additional Parcels
- Zoning
- Year Built2008
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Encore @ The Blocks
• Single-tenant, net-leased retail condo in Portland’s Pearl District • Fully occupied by Ovation Coffee & Tea at the base of a prominent residential tower • Lease term runs through mid-2028 with annual rent increases • Includes one 1, 5-year extension option, providing near-term security and future upside • Ovation Coffee & Tea is a highly regarded local café, recognized as “#1 coffee shop in Portland” and #3 on Yelp’s “Top 100 U.S. coffee shops” • Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail) • Supported by ~1,200 nearby residential condo units and strong walkable density