Prepared by https://www.commercialmls.com
Encore @ The Blocks
949 NW Overton St Portland OR 97209
Listing #: 710682 | Status: Available | Last Modified: 3/30/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Condo Information | |
|---|---|
| Condo | Yes |
| Condo $/SF | $ 478.00 |
| Condo SF | 1,400 SF |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.00 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| Total Building SF | 1,400 SF |
| Net Rentable Area | 0 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 45,960 SF |
| Acres | 1.06 |
| Year Built | 2008 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Multnomah |
| Market Area | Not Assigned |
| Tax ID # | R619844 |
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