Office Vacant-User

The Enterprise Building

406 NW Glisan St, Portland, OR 97209

Listing Price: $3,175,000

Gross SF
16,259
Rentable SF
16,259
Price/Gross SF
$195.28
Lot Size
0.11 acres
Year Built
1905

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale The Enterprise Building, an urban core creative office building consisting of 16,259 square feet of leasable area, including 4,000 square feet of flexible basement space with past uses including bar/taproom, rentable storage and building amenity use. The upper three floors of high-ceiling creative office space boast exposed woodwork, beams and brick interiors, with numerous windows allowing for natural light. The first and third floors have kitchenette and break room areas, and all floors in the building have multiple bathrooms. The ground floor has been entirely updated within the past year and is move-in ready, with the second and third floors requiring minimal upgrades of carpet and paint. The Enterprise Building is located at the north end of Old Town Portland, blocks from the Steel Bridge and with direct access to public transit including the Green and Orange Max lines running North/South through downtown. The site is within blocks of the Pacific Northwest College of the Arts, Union Station, WeWork, Pendleton Woolen Mills, the Chinese Garden, the University of Oregon Duck Store Building and the 17-acre USPS redevelopment site. The Enterprise Building is perfectly situated for an “as-is” owner/user to either operate using the entire available floor plan, or take residence in two of the above-grade floors while leasing the remainder. Both options allow for SBA financing in a historically low interest rate environment.

Investment Highlights

  • Unoccupied Building with Flexible Layout for New Owner/User
  • Three Above-Grade Floors and Basement Level with Elevator Servicing all Floors
  • Attractive Creative Office Space with Full Seismic Upgrade Completed
  • High Ceilings with Exposed Beams and Brick Interiors
  • Large Windows with Excellent Natural Lighting
  • Multiple Bathrooms on Each Floor Plus Two Full Kitchen/Break Spaces

Exclusively Listed By

Financing By

Office Vacant-User

The Enterprise Building

Listing Price: $3,175,000

Gross SF
16,259
Rentable SF
16,259
Price/Gross SF
$195.28
Lot Size
0.11 acres
Year Built
1905

Investment Highlights

  • Unoccupied Building with Flexible Layout for New Owner/User
  • Three Above-Grade Floors and Basement Level with Elevator Servicing all Floors
  • Attractive Creative Office Space with Full Seismic Upgrade Completed
  • High Ceilings with Exposed Beams and Brick Interiors
  • Large Windows with Excellent Natural Lighting
  • Multiple Bathrooms on Each Floor Plus Two Full Kitchen/Break Spaces

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale The Enterprise Building, an urban core creative office building consisting of 16,259 square feet of leasable area, including 4,000 square feet of flexible basement space with past uses including bar/taproom, rentable storage and building amenity use. The upper three floors of high-ceiling creative office space boast exposed woodwork, beams and brick interiors, with numerous windows allowing for natural light. The first and third floors have kitchenette and break room areas, and all floors in the building have multiple bathrooms. The ground floor has been entirely updated within the past year and is move-in ready, with the second and third floors requiring minimal upgrades of carpet and paint. The Enterprise Building is located at the north end of Old Town Portland, blocks from the Steel Bridge and with direct access to public transit including the Green and Orange Max lines running North/South through downtown. The site is within blocks of the Pacific Northwest College of the Arts, Union Station, WeWork, Pendleton Woolen Mills, the Chinese Garden, the University of Oregon Duck Store Building and the 17-acre USPS redevelopment site. The Enterprise Building is perfectly situated for an “as-is” owner/user to either operate using the entire available floor plan, or take residence in two of the above-grade floors while leasing the remainder. Both options allow for SBA financing in a historically low interest rate environment.

Exclusively Listed By

Financing By

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