For Sale
$2,500,000

112 2Nd Ave Portland, OR 97204

Turnkey Restaurant & Bar, CBD Location

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This iconic Portland establishment, housed in a beautifully maintained three-story, 12,313 square foot building at 112 SW 2nd Ave, presents a unique investment opportunity. Built in 1889, this Class B property boasts two commercial kitchens, two bars, and abundant space ideal for a restaurant, bar, and/or event venue. The building features elevator service and seismic upgrades, reflecting a commitment to modern functionality within its historic structure. Located in both an Opportunity Zone and Enterprise Zone, this single-tenancy property offers significant potential. The permitted CX zoning allows for diverse uses. The 0.11-acre lot provides ample space for outdoor seating or expansion. The asking price is $2,500,000, translating to $219.28 per square foot. This turnkey operation is one of the few Portland buildings permitting indoor smoking in a designated cigar bar, adding a unique selling point. The building's rich history and prime location in the Central Business District (CBD) make it an exceptional investment for an owner/user seeking a thriving hospitality business.

Highlights

  • $2,500,000 asking price for a 12,313 SF turnkey restaurant/bar/event venue.
  • Located in Portland, OR's Central Business District (CBD), within an Opportunity Zone and Enterprise Zone.
  • Three-story, elevator-served building with seismic upgrades.
  • Features two commercial kitchens, two bars, and ample bar and venue space.
  • Historic building, beautifully maintained, situated on a 0.11-acre lot at 112 SW 2nd Ave, Portland, OR 97204.

Property Details for 112 2Nd Ave

Property type
Retail properties, Bars
Square Feet
12,313 SF
Class
B
Year Built
1889
Stories
3
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5216748
Longitude
-122.6723115

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FAQs

What type of property is this?
Retail property - Turnkey Restaurant & Bar, CBD Location
Where is the retail property located?
The property is located at 112 2Nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: $2,500,000 asking price for a 12,313 SF turnkey restaurant/bar/event venue.; Located in Portland, OR's Central Business District (CBD), within an Opportunity Zone and Enterprise Zone.; Three-story, elevator-served building with seismic upgrades.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Denise Brohoski
Denise Brohoski
Visit Broker Website

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2Nd Ave
Portland, OR 97204

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2Nd Ave
Portland, OR 97204

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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112 2Nd Ave
  • Denise Brohoski
    Denise Brohoski
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