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719 Sw Morrison 719 SW MORRISON PRIME SECOND GENERATION RETAIL SPACE IN THE HEART OF THE CBD! LOCATION 719 SW Morrison Street in Portland, OR Walk Score Bike Score Transit Score AVAILABLE SPACE 770 SF of ground floor retail 98 92 98 Lower level storage space available RENT $5,300/mo gross, plus utilities COMMENTS • Nearby tenants include Nordstrom, Capital One Bank, Peet’s Coffee, City Target, Pendleton’s and Apple’s flagship stores, Banana Republic, Marios, Pioneer Courthouse Square (Portland’s “Living Room”), Regal Cinema at Fox Tower, Muji’s first to market location and many more. • Close proximity to 20 hotels within an approximately three block radius, including the new Ritz Carlton Hotel and Residences (opening in 2022). • Over 650 parking stalls nearby. • Excellent CBD high traffic location, on the MAX line with daily ridership of 120,900. • Available now! TRAFFIC COUNTS SW Broadway @ Morrison – 9,516 ADT (’18) | SW Alder @ Broadway – 8,627 ADT (’18) Demographics .25 MILE .5 MILE 1 MILE Estimated Population 2019 1,812 14,115 44,873 Population Forecast 2024 1,856 14,420 45,898 Average HH Income $32,642 $62,520 $84,919 Employees 28,667 70,808 111,578 Source: Regis – SitesUSA (2019) CRA Commercial Realty Advisors NW, LLC » [email protected] ashley heichelbech 733 SW Second Avenue, Suite 200 kathleen healy » [email protected] Portland, Oregon 97204 www.cra-nw.com 503.274.0211 Licensed brokers in Oregon & Washington The information herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be verified prior to purchase/leasing. View the Real Estate Agency Pamphlet by visiting our website, www.cra-nw.com/home/agency-disclosure.html. CRA PRINTS WITH 30% POST-CONSUMER, RECYCLED-CONTENT MATERIAL. INTERIOR/EXTERIOR 2ND GENERATION RETAIL SPACE CRA NEIGHBORING BUSINESSES CRA NW Davis FULLER’S DOWNTOWN PORTLAND SUSHI LAND COFFEE SHOP BACKSPACE little big burger GROUND KONTROL NW 9th FLOATING NW 5th NW NW 5th NW WORLD COMICS NW 11th NW Broadway SUSHI ICHIBAN THE BRODY NW 13th W Burnside CRYSTAL HOTEL ZEUS CAFE SW Oak BOXER RAMEN 3RD & ASH REDEVELOPMENT (2019) MA & PA SALON NYLA GROCERY Post Office SW Pine SW Washington 10W BLACK ROOSTER CAFE 11W DEVELOPMENT Redevelopment (OFFICE & LUXURY APTS TENDER LOVING EMPIRE FEB 2020 GROUNDBREAKING) Pittock O’BRYANT SQUARE Block 400 PARKING SPACES SW Stark CAFE VIOLA SW 13th TANDOOR SW Alder INDIAN KITCHEN UNDER CONSTRUCTION HOTEL/OFFICE/CONDOS PORTLAND WOODLARK HOTEL OUTDOOR STORE 150 ROOMS FRESH POT CAMERON’S HI-LO BOOKS SW 5th BOUTIQUE HOTEL SAYSAY HUBER’S CAFE BOUTIQUE PUBLIC PORTLAND DOGGIE HOTEL SW 11th DOMAIN LUGGAGE CO. MICHAEL ALLEN PIONEER PLACE I Garage Redevelopment J. Crew Gap 790 Parking Spaces Park Ave EAST INDIA Louis Vuitton Kate Spade SITE West PROPOSED CO. GRILL Coach Tory Burch JAMES BEARD SW 9th DEPARTURE The Walking Company Library PUBLIC MARKET VIRGINIA SW Park SW Morrison CAFE Pioneer PIONEER PLACE I I Courthouse SW Broadway Square H & M Punch Bowl Social Director Zara Park Pioneer Forever XXI SW Taylor Courthouse Regal Cinemas Pioneer SW Yamhill Place URBAN FAUNA I SW Salmon CENTRAL BUSINESS DISTRICT DAILY COUNTS Pioneer MARX Place JEWELERS II PEDESTRIAN (’18) NW FILM SW 3rd SW 6th & Morrison 15,970 CENTER SW 5th & Morrison 15,531 SW Main SW 2nd SW Broadway & Yamhill 6,909 SW 6th & Alder 11,528 SW 1st SW 10th & Morrison 13,075 The Brewery AC HOTEL n CRA SW 10th & Burnside 14,623 204 ROOMS SW Naito Pkwy Blocks UNDER CONSTRUCTION FLOOR plan | 719 sw morrison CRA n PORTLAND, OREGON CRA COMMERCIAL FULL PROFILE CRA REALTY ADVISORS NORTHWEST LLC 2000-2010 Census, 2019 Estimates with 2024 Projections Calculated using Weighted Block Centroid from Block Groups Lat/Lon: 45.5196/-122.6802 719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205 2019 Estimated Population 0 T 1,812 14,115 44,873 2024 Projected Population 0 T 1,856 14,420 45,898 2010 Census Population 0 T 1,709 11,888 36,552 2000 Census Population 0 T 1,248 9,203 26,405 Projected Annual Growth 2019 to 2024 - 0.5% 0.4% 0.5% POPULATION Historical Annual Growth 2000 to 2019 - 2.4% 2.8% 3.7% 2019 Estimated Households 0 T 1,096 9,226 29,135 2024 Projected Households 0 T 1,167 9,809 30,980 2010 Census Households 0 T 982 7,465 22,555 2000 Census Households 0 T 884 5,575 16,963 Projected Annual Growth 2019 to 2024 - 1.3% 1.3% 1.3% HOUSEHOLDS Historical Annual Growth 2000 to 2019 - 1.3% 3.4% 3.8% 2019 Est. Population Under 10 Years - 1.4% 4.1% 5.4% 2019 Est. Population 10 to 19 Years - 4.2% 5.6% 7.5% 2019 Est. Population 20 to 29 Years - 19.4% 20.0% 22.3% 2019 Est. Population 30 to 44 Years - 21.8% 25.6% 26.1% AGE 2019 Est. Population 45 to 59 Years - 28.3% 22.5% 18.5% 2019 Est. Population 60 to 74 Years - 20.0% 17.3% 15.8% 2019 Est. Population 75 Years or Over - 5.0% 4.9% 4.5% 2019 Est. Median Age 46.3 41.1 37.2 2019 Est. Male Population - 67.7% 59.6% 54.3% 2019 Est. Female Population - 32.3% 40.4% 45.7% 2019 Est. Never Married - 60.1% 54.2% 55.1% 2019 Est. Now Married - 9.7% 17.2% 22.4% & GENDER 2019 Est. Separated or Divorced - 28.7% 25.1% 20.2% 2019 Est. Widowed - 1.5% 3.6% 2.3% MARITAL STATUS 2019 Est. HH Income $200,000 or More - 2.9% 7.4% 8.9% 2019 Est. HH Income $150,000 to $199,999 - 4.5% 6.5% 6.7% 2019 Est. HH Income $100,000 to $149,999 - 5.4% 12.0% 14.4% 2019 Est. HH Income $75,000 to $99,999 - 7.8% 8.7% 11.2% 2019 Est. HH Income $50,000 to $74,999 - 7.1% 10.4% 14.3% 2019 Est. HH Income $35,000 to $49,999 - 9.3% 8.9% 9.5% 2019 Est. HH Income $25,000 to $34,999 - 11.6% 9.2% 7.8% INCOME 2019 Est. HH Income $15,000 to $24,999 - 8.2% 9.8% 9.2% 2019 Est. HH Income Under $15,000 - 43.2% 27.1% 17.9% 2019 Est. Average Household Income $0 T $32,642 $62,520 $84,919 2019 Est. Median Household Income $0 T $24,571 $48,365 $62,428 2019 Est. Per Capita Income $0 T $24,159 $43,393 $56,544 2019 Est. Total Businesses 0 T 2,274 5,570 9,149 2019 Est. Total Employees 0 T 28,667 70,808 111,578 FULL PROFILE COMMERCIAL CRA REALTY ADVISORS 2000-2010 Census, 2019 Estimates with 2024 Projections NORTHWEST LLC Calculated using Weighted Block Centroid from Block Groups Lat/Lon: 45.5196/-122.6802 719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205 2019 Est. White - 74.4% 78.7% 80.6% 2019 Est. Black - 10.1% 7.0% 4.6% 2019 Est. Asian or Pacific Islander - 6.0% 6.1% 7.0% RACE 2019 Est. American Indian or Alaska Native - 2.1% 1.4% 1.0% 2019 Est. Other Races - 7.4% 6.8% 6.8% 2019 Est. Hispanic Population 0 T 124 997 3,083 2019 Est. Hispanic Population - 6.9% 7.1% 6.9% 2024 Proj. Hispanic Population - 7.1% 7.4% 7.3% HISPANIC 2010 Hispanic Population - 6.7% 6.2% 5.7% 2019 Est. Adult Population (25 Years or Over) - 1,539 11,499 34,743 2019 Est. Elementary (Grade Level 0 to 8) - 3.9% 2.4% 1.5% 2019 Est. Some High School (Grade Level 9 to 11) - 10.9% 4.8% 3.0% 2019 Est. High School Graduate - 16.4% 11.8% 9.3% 2019 Est. Some College - 29.4% 22.1% 19.4% 2019 Est. Associate Degree Only - 5.7% 6.2% 6.2% EDUCATION 2019 Est. Bachelor Degree Only - 21.0% 31.4% 36.1% (Adults 25 or Older) 2019 Est. Graduate Degree - 12.8% 21.3% 24.6% 2019 Est. Total Housing Units - 1,132 9,702 30,646 2019 Est. Owner-Occupied - 5.7% 11.5% 15.4% 2019 Est. Renter-Occupied - 91.1% 83.6% 79.7% HOUSING 2019 Est. Vacant Housing - 3.2% 4.9% 4.9% 2019 Homes Built 2010 or later - 5.7% 5.4% 8.6% 2019 Homes Built 2000 to 2009 - 11.9% 15.8% 17.5% 2019 Homes Built 1990 to 1999 - 5.4% 11.3% 11.6% 2019 Homes Built 1980 to 1989 - 12.7% 10.6% 8.6% 2019 Homes Built 1970 to 1979 - 7.7% 12.3% 9.5% 2019 Homes Built 1960 to 1969 - 2.3% 2.5% 5.4% 2019 Homes Built 1950 to 1959 - 5.4% 4.5% 5.6% HOMES BUILT BY YEAR 2019 Homes Built Before 1949 - 45.7% 32.7% 28.4% 2019 Home Value $1,000,000 or More - 5.6% 3.5% 5.0% 2019 Home Value $500,000 to $999,999 - 41.8% 34.4% 41.3% 2019 Home Value $400,000 to $499,999 - 25.2% 23.7% 17.8% 2019 Home Value $300,000 to $399,999 - 16.8% 30.9% 31.6% 2019 Home Value $200,000 to $299,999 - 17.3% 15.0% 9.7% 2019 Home Value $150,000 to $199,999 - 0.6% 0.9% 0.8% 2019 Home Value $100,000 to $149,999 - - 0.7% 0.6% 2019 Home Value $50,000 to $99,999 - 1.7% 0.3% 0.6% HOME VALUES 2019 Home Value $25,000 to $49,999 - 0.6% 0.3% 0.2% 2019 Home Value Under $25,000 - - 0.8% 0.6% 2019 Median Home Value $0 T $471,410 $429,739 $513,430 2019 Median Rent $0 T $673 $916 $1,102 FULL PROFILE COMMERCIAL CRA REALTY ADVISORS 2000-2010 Census, 2019 Estimates with 2024 Projections NORTHWEST LLC Calculated using Weighted Block Centroid from Block Groups Lat/Lon: 45.5196/-122.6802 719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205 2019 Est.
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