FOR LEASE 1 3 9 N W 2 N D AV E N U E · P O R T L A N D , O R E G O N 9 7 2 0 9
CAST-IRON CORNER
± 2 , 2 3 4 R S F | $ 1 8 P S F N N N | AVA I L A B L E N OW Plus a ±2,234 SF basement included at no additional rent — effective base rate ±$9.00 PSF across ±4,468 usable SF. R E TA I L
CAFÉ / BAR
STUDIO / SHOWROOM
V I R T U A L TO U R →
DAN OSTRANDER | +1.646.872.8766
dan.ostrander@apexcre.com · apexcre.com Apex Real Estate Partners · 415 NW 11th Avenue, Portland, OR 97209
INFORMATION CONTAINED HEREIN IS FROM SOURCES DEEMED RELIABLE, BUT NOT GUARANTEED.
1 3 9 N W 2 N D AV E N U E
|
1
THE PROPERTY
M E R C H A N T B LO C K , 1 8 8 0 · N W 2 N D AV E N U E AT N W DAV I S
ADDRESS
BUILDING
SPACE
139 NW 2nd Avenue Portland, OR 97209
The Merchant Hotel Built 1880 · Renovated 2017
±2,234 RSF ground floor + ±2,234 SF basement
LEASE RATE
NNN — 2026 ESTIMATED
MONTHLY TOTAL
$18.00 PSF NNN on ground floor RSF
$8.65 PSF
$4,961 / month all-in
ENTRIES
DELIVERY
USES
NW 2nd Avenue + NW Davis Street
Available now, as‑is
Retail / Café / Studio / Showroom
ZONING
TRANSIT
CO‐TENANTS
CXDS — Central Commercial with Design & Storefront
Four MAX stations within a 3‑minute walk
Old Town Pizza, Imagine Black, Cycle Portland, Barnes & Morgan
ABOUT THE BUILDING 139 NW 2nd Avenue is the corner retail space in the Merchant Hotel — a cast-iron Italianate block built in 1880, renovated in 2017, and listed on the National Register of Historic Places. The suite runs the depth of the building behind a wraparound glass line: original wide-plank fir floors and black-painted wood ceilings in the front room, sealed concrete and track lighting through the back half, restored cast-iron double doors onto NW 2nd, and a second entrance on NW Davis. A private restroom and a rear prep area with plumbing are already in place. Below it, a basement of roughly the same footprint is included at no additional rent and reached by an interior stair from the space — which puts the effective base rate near $9.00 PSF across ±4,468 usable square feet. The building is under ownership by Old Town Pizza, a Portland institution since 1974, and is the departure point for the Portland Shanghai Tunnels tours — visitors on the block year-round. This is a storefront with a face, not a box with a sign band.
100
PEDESTRIAN E XC E PT I O N A L
100
TRANSIT E XC E PT I O N A L
100
CYC L I N G E XC E PT I O N A L
LOCATION RATINGS: COSTAR, 2026. BUILDING DATA: COSTAR PROPERTY RECORD, 8/2026. INFORMATION CONTAINED HEREIN IS FROM SOURCES DEEMED RELIABLE, BUT NOT GUARANTEED.
1 3 9 N W 2 N D AV E N U E
|
2
THE SPACE
O P E N F R O N T R O O M · O R I G I N A L F I R F LO O R S
±2,234 SF BASEMENT — INCLUDED
C A S T - I R O N D O O R S TO N W 2 N D
FLEXIBLE REAR HALF
P R E P A R E A · P L U M B I N G I N P L AC E
S PA C E H I G H L I G H T S ±2,234 SF basement included at no additional rent
Original wide-plank fir floors in the front room
Direct interior stair to the basement from the space
Black-painted wood ceilings with track lighting
Private restroom within the premises
Restored cast-iron double doors onto NW 2nd Avenue
Rear prep area with sink and plumbing in place
Second entrance on NW Davis Street
Sealed concrete floors through the rear half of space
Corner exposure with glass on two elevations
WALK THE SPACE Full virtual tour · my.matterport.com
S C A N TO TO U R
DAN OSTRANDER | +1.646.872.8766
dan.ostrander@apexcre.com · apexcre.com · Apex Real Estate Partners
INFORMATION CONTAINED HEREIN IS FROM SOURCES DEEMED RELIABLE, BUT NOT GUARANTEED.
1 3 9 N W 2 N D AV E N U E
|
3
NEIGHBORHOOD DEMOGRAPHICS
—
2025
1 MILE
2 MILES
3 MILES
38,772
119,526
205,058
7.2%
4.2%
1.8%
Households
24,593
68,028
106,207
Median Household Income
$58,505
$74,416
$89,150
Median Age
40.3
39.0
39.7
Bachelor's Degree or Higher
53%
61%
62%
Population Population Growth, 2020–2025
109,806
$608M
$183M
11,056 BUSINESSES, 1 MILE
WITHIN 1 MILE
WITHIN 1 MILE
DAY T I M E E M P LOY E E S AC R O S S
ANNUAL CONSUMER SPENDING
F O O D & A LC O H O L S P E N D I N G
DEMOGRAPHICS AND CONSUMER SPENDING: COSTAR, 2025 ESTIMATES.
C A S T - I R O N D E TA I L · 1 8 8 0
139 NW SECOND — ENTRY
N W 2 N D AV E N U E S TO R E F R O N T
AMENITY MAP S C H E M AT I C — N O T T O S C A L E
Lan Su Chinese Garden
NW EVERETT
Waterfront Park
1 3 9 N W 2 N D AV E N U E N W DAV I S S T
Old Town Pizza · Shanghai Tunnels
MAX — Old Town/Chinatown
NW COUCH
Portland Saturday Market W BURNSIDE ST
NW 5TH
Voodoo Doughnut NW 4TH
NW 3RD
N W 2 N D AV E
INFORMATION CONTAINED HEREIN IS FROM SOURCES DEEMED RELIABLE, BUT NOT GUARANTEED.
NW 1ST
WILLAMETTE RIVER
NW FLANDERS
BURNSIDE BR
N A I T O P KW Y
1 3 9 N W 2 N D AV E N U E
|
4