Prepared by https://www.commercialmls.com
Lexis @ The Blocks
1125 NW 9th Ave Portland OR 97209
Listing #: 710703 | Status: Available | Last Modified: 3/30/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Condo Information | |
|---|---|
| Condo | Yes |
| Condo $/SF | $ 309.00 |
| Condo SF | 7,195 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 | 7,195 SF |
| Net Rentable Area | 7,195 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 319 SF |
| Acres | 0.01 |
| Year Built | 2005 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Multnomah |
| Market Area | Not Assigned |
| Tax ID # | R570578 |
Lexis @ The Blocks
• 7,195 SF retail condo in Portland’s Pearl District • 76% leased with value-add opportunity through lease-up of a single 1,720 SF available suite at market rent • Style Aesthetics recently signed a new 10-year NNN lease with 3% annual increases, anchoring 46% of the building • Enso Float has operated at this location since 2016, providing wellness/float therapy services with an with extension currently being negotiated by Seller • Tenancy is entirely health/beauty/wellness focused, aligning with the Pearl District’s experiential retail demand • 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