The Captain Couch and Norton House portfolio is a great long term opportunity for an owner/user or investor to own one or two assets in one of Portland’s most storied locations. Both buildings have undergone extensive improvements and have beautiful large windows, high ceilings, sky lights, open floor plans and modern finishes, making these spaces very welcoming for a user or any tenant.
An owner/user can occupy a portion of the space while supplementing their debt service payments with rental income. An investor will have very little capital expenditures for tenant improvement work as the spaces are turnkey.
Captain Couch and Norton House offer a very charming courtyard, ADA accessible spaces, and the close-in proximity to nearby amenities and transportation.
Schedule a tour and explore these great spaces!
Total Building Size: ± 34,574
Land Size: ± 19,000
Zoning: CX - Central Commercial
Opportunity Zone: Yes
Enterprise Zone: Yes
The Captain Couch Building was originally constructed in 1904 as the Phillips Hotel with ground floor retail and saloon space. The building was extensively remodeled in 1977 and renamed the Captain Couch Building in honor of Captain John H Couch who was known as the “father of our commerce” for all his economic, political and non-profit contributions for the people of Portland.
This historic landmark preserves Portland’s charm while now serving as creative workspace for the modern tenant.
Address: 24-32 NW 2nd Avenue
Portland, OR 97209
Building Size: ± 18,574 SF
Stories: 2 with additional basement
Built/Renovated: 1904 / 1977 / Ongoing
Land Size: ± 9,500 SF / ± 0.22 AC
Neighborhood: Old Town Chinatown
Zoning & Comp Plan: CX - Central Commercial
Opportunity Zone: Yes
Enterprise Zone: Yes
Historic District: SO - Skidmore / Old Town
URA: River District
Base FAR: 4:1
Base Height: 75’ (85’ with bonuses)
The first floor offers is 100% available and ready for tenant to make its mark! The space offers up to ± 9,158 RSF of contiguous space. The first floor has high visibility and street presence as well as a great exterior signage opportunity.
The spaces offer high ceilings, exposed timber and brick walls, large windows and open floor plans.
Suite 100: ± 877 RSF
Suite 101: ± 7,259 RSF
Suite 102: ± 1,022 RSF (± 730 RSF w/ ± 292 RSF mezzanine)
Available Suite 102
1,022 RSF w/ mezz
The second floor is 80% leased. The building’s inviting, creative character carries through with exposed brick, high ceilings with skylights, and hard wood floors. Spaces have been upgraded to include kitchenettes, new lighting and updated finishes.
AVAILABLE
Suite 205: ± 2,141 RSF
LEASED
Suite 200: ± 3,479 RSF
Lease expiration 10/31/2025
Suite 204: ± 2,934 RSF
Lease expiration 7/31/2023
Norton House was built in 1875 and was originally known as the Norton Hotel. The building originally had ground floor retail, offices and a basket factory. The first class upper lodging is said to have once served Ulysses S Grant for a night or two! The building underwent extensive renovations in the 1970s and again in 2017, transforming it into creative office, retail storefront and a bustling bar and entertainment space. Barrel Room is the newest tenant and has a long standing history in Portland. Their reactivation of an iconic bar/
Address: 31-53 NW 1st Avenue
Portland, OR 97209
Building Size: ± 16,000 SF
Stories: 2 with additional basement
Built/Renovated: 1904 / 1977
Land Size: ± 9,500 SF / ± 0.22 AC
Neighborhood: Old Town Chinatown
Zoning & Comp Plan: CX - Central Commercial
Opportunity Zone: Yes
Enterprise Zone: Yes
Historic District: SO - Skidmore / Old Town
URA: River District
Base FAR: 4:1
Base Height: 75’ (85’ with bonuses)
The first floor is almost 80% leased to a coffee house with a speakeasy and an entertainment venue with drinks, live music, and dancing. Our operator is proudly known for “Portland’s Longest Running Dueling Piano Show Bar”!
The 1,460 RSF vacancy is a former restaurant space and is move-in ready for Portland’s next food venture!
Suite 100: ± 1,460 RSF
LEASED Suite 101: ± 1,418 RSF
Lease expiration 7/31/2023
Suite 102: ± 4,135 RSF
Lease expiration 2/24/2024
Available Suite 202 ± 4,451 RSF
Available Suite 201 ± 3,380 RSF
This ± 7,831SF RSF with additional common space is a full floor opportunity, perfect for an owner/user. The space is move-in ready and has been remodeled with modern finishes, new carpet and upgraded lighting. Exposed brick and timber, high ceilings with skylights and open floor plans are perfect for a creative user.
There is a kitchenette in Suite 202 and a shared kitchenette in the common area for Suite 201.
Suite 202: ± 4,451 RSF
Suite 201: ± 3,380 RSF
The Captain Couch Building and Norton House portfolio is conveniently located with proximity to downtown amenities, Pearl District and close-in Eastside.
A variety of transit options are easily accessible with TriMet bus lines, MAX, Portland Streetcar and Portland’s intricate matrix of bike and pedestrian paths.
Walk Score 96
Walker’s Paradise
Transit Score 90 Rider’s Paradise
Bike Score 99 Biker’s Paradise
TriMet MAX
TriMet Bus
Portland Streetcar
LLOYD NORTH/ NORTHEAST CLOSE-IN
