Contacts
Commercial Realty Advisors Northwest
Beta Agency
Beta Agency
Beta Agency
Property Details
- Property Type Retail
- Property Size 11,600 SF
- Lot Size 0.22 Acre
- Cap Rate % 7.88
- Year Built 1956
- Date Updated Oct 16, 2026
Credit Tenant — FedEx Corporation is a global logistics leader and one of the largest publicly traded companies in the U.S., ranked #49 by revenue on the Fortune 500 list. The tenant holds investment-grade credit ratings of BBB (S&P) and Baa2 (Moody’s), offering reliable, long-term income backed by a blue-chip guarantor.
Prime Location — Freestanding building with dedicated onsite parking and additional off site parking positioned at the gateway to Portland’s Business District, surrounded by high-rise offices, residential, and hotels.
Visibility and Access — Located at the signalized intersection of SW 2nd Ave & SW Alder St at the Morrison bridgehead providing convenient access to Portland’s CBD and surrounding neighborhoods.
Established Occupancy — FedEx Office has occupied the premises for over 30 years.
Future Redevelopment Opportunity — The property is zoned CX (Central Commercial) with a low existing FAR, offering significant upside potential for future high-density development, including residential, office, or hotel use. The site is uniquely positioned to capitalize on views of the Willamette River and East Portland.
SW Alder St: 10,816 CPD
SE Morrison Bridge: 50,000 CPD
Reach out to the broker for more info on lease terms and amenities
Getting around
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99/100
Walk Score ®
-
90/100
Transit Score ®
-
96/100
Bike Score ®
Location
- City Portland, OR
- Neighborhood Downtown Portland
- Zip Code 97204
- Market Portland
Points of Interest
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Oak Street/Southwest 1st Avenue
0.13 miles
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Galleria/Southwest 10th Avenue
0.36 miles
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Library/Southwest 9th Avenue
0.36 miles
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Northwest 5th & Couch
0.36 miles
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Southwest 10th & Alder
0.37 miles
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Southwest 11th & Alder
0.43 miles
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Southwest 11th & Taylor
0.46 miles
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Northwest 10th & Couch
0.46 miles
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Union Station/Northwest 6th & Hoyt
0.56 miles
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Southwest Market & Park
0.59 miles
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Blink
0.09 miles
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PGE Electric Avenue Downtown Portland
0.21 miles
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Chevron
0.27 miles
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Tesla Supercharger
0.29 miles
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ChargePoint
0.54 miles
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Shell
0.64 miles
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Pacific Pride
0.75 miles
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Kwik-Gas
0.78 miles
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Astro
1.28 miles
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EVgo
1.45 miles
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SP+
0.02 miles
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U-Park
0.05 miles
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City Center Parking
0.07 miles
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PMC
0.07 miles
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SmartPark
0.07 miles
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Pioneer Tower
0.15 miles
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Killer Burger
0.04 miles
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Chicharitos
0.04 miles
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Small Pharoah's
0.04 miles
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Mama Mia
0.04 miles
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Honey Thai Food
0.05 miles
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Elmasry
0.05 miles
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La Pinata Takos
0.05 miles
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Indian Rasoi
0.05 miles
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Casablanca Cuisine
0.05 miles
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Oh Yum
0.06 miles
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Muji Portland
0.17 miles
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Nordstrom
0.28 miles
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World Foods
0.49 miles
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Whole Foods Market
0.54 miles
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Safeway
0.55 miles
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Sheridan Fruit Company
0.59 miles
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Fred Meyer
0.95 miles
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Market of Choice
0.96 miles
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Trader Joe's
1.11 miles
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Zupan's
1.24 miles
