Contacts
Property Details
- Property Type Retail
- Property Size 5,000 SF
- Lot Size 5,000 SF
- Year Built 1927
- Date Updated Aug 17, 2025
The Kiva Building is a single-tenant investment asset in northwest Portland’s Alphabet District. The building consists of 5,000 square feet and is fully tenanted via master lease by Kiva Spa & Sanctuary, who in turn sublets a portion of the building to Memento Mori Café. Kiva Spa has occupied the building since 2012 and has a long track record of quality results combining spa therapies from around the world for beauty, healing, and wellness.
The tenant operates under a modified gross lease which commenced in 2023 and expires September 2028. The lease features 3% annual rental increases and two, 5-year options for renewal. Onsite maintenance and repair responsibilities are divided between landlord and tenant, along with landlord responsibilities for property taxes and insurance.
The Kiva Building benefits greatly from its excellent location in a highly affluent and active neighborhood in northwest Portland. The property is easily walkable from 23rd Avenues high-street retail offerings, and is corner-positioned along a tree-lined street in a well-preserved and historic area of town. The neighborhood has also experienced tremendous growth, with over 600 apartment units having been erected within a quarter mile radius over the past ten years. Easy access to downtown Portland, Interstate 405 and Highway 30 add to the utility and appeal of the site.
Available
Reach out to the broker for more info on lease terms and amenities
Getting around
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98/100
Walk Score ®
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52/100
Transit Score ®
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93/100
Bike Score ®
Location
- City Portland, OR
- Neighborhood Nob Hill - Northwest District
- Zip Code 97210
- Market Portland
Points of Interest
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Northwest Northrup & 22nd
0.29 miles
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Northwest Lovejoy & 22nd
0.35 miles
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Northwest Northrup & 21st
0.37 miles
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Northwest Lovejoy & 21st
0.42 miles
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Northwest Northrup & 18th
0.59 miles
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Northwest Northrup & 14th
0.78 miles
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Northwest Lovejoy & 13th
0.84 miles
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Northwest Northrup & 12th
0.88 miles
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Northwest 11th & Marshall
0.93 miles
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Northwest 10th & Northrup
0.97 miles
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EVgo
0.27 miles
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Astro
0.37 miles
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Chevron
0.42 miles
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Pacific Pride
0.89 miles
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Tesla Supercharger
1.46 miles
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Blink
1.60 miles
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Electric Island
1.62 miles
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Shell
1.69 miles
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PGE Electric Avenue Downtown Portland
1.77 miles
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76
1.94 miles
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Wilcox Parking
0.28 miles
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Lower Macleay Park Trailhead
0.58 miles
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City Center Parking
0.66 miles
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Oregon Holocaust Memorial
0.75 miles
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U-Park
0.97 miles
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Pearl Parking
1.04 miles
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PMC
1.08 miles
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Pearl Auto Park
1.10 miles
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Cha Cha Cha Taqueria
0.10 miles
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Big Dan's West Coast Bento
0.11 miles
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St. Jack
0.12 miles
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Hem 23 Vietanmese Bar & Grill
0.12 miles
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Lela's Bistro
0.12 miles
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HARU Sushi
0.12 miles
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Pine State Biscuits
0.12 miles
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Grassa
0.12 miles
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Moberi
0.13 miles
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Matador
0.13 miles
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New Seasons Market
0.23 miles
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Trader Joe's
0.62 miles
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Zupan's
0.74 miles
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Fred Meyer
0.80 miles
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Safeway
0.83 miles
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Whole Foods Market
1.12 miles
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World Foods
1.20 miles
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Nordstrom
1.44 miles
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Muji Portland
1.51 miles
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Chuck's Market
1.71 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
