Peacock Building — Sale in Portland, OR

  • Price: $2.6M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Portland, OR 97214
  • Size: 11,374 SF
  • Year built: 1928

Investment Figures

Price per square foot
$229
Price per unit
$520,000 across 5 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Peacock Building is a multi-tenant retail building located in the Buckman neighborhood of inner SE Portland. This 11,374 square foot building offers five versatile suites with a variety of commercial uses, including retail, restaurant, and flex/tech. The building features three leased units and two units available for owner-users or tenants. The four spaces suitable for bars, restaurants, and retail range from 666 SF to 2,582 SF. Additionally, there is a 5,162 SF flex space with a roll-up door, allowing an owner to occupy more than 50% of the building. Recent tenants have included bars, a pastry shop, an event space, and a manufacturing/flex user, indicating the building's adaptability to various commercial needs. Building SF: 11374 | Land Size: 0.26 Ac | Year Built: 1928 | Listing Type: FOR SALE

Market Context

This retail in Portland, OR is listed for sale at $2,600,000 across 11,374 SF ($220/SF). The building dates to 1928. It has been on the market for 70 days. Compare it against other retail listings for sale in Portland, OR — view the full market.

As of Q1 2026, the Portland retail market showed a 10.0% vacancy rate, average asking rents near $45.00/SF/yr, rents up 16.0% year over year, and cap rates around 6.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Portland?
About 6.4% as of Q1 2026, per multiple brokerage reports.
Is the Portland retail market tightening or softening?
Vacancy is around 10.0%, with asking rents rising year over year (Q1 2026).

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