555 12Th AvePortland, OR 97209

This exceptional 10,000-square-foot vacant restaurant space presents a compelling investment opportunity in Portland's vibrant Pearl District. Located at 555 NW 12th Ave, in Multnomah County, Oregon (zip code 97209), this Class B retail property offers significant potential for owner-users, investors, or developers. Currently vacant, the property is available for $4,000,000 under a NNN lease structure. The 0.23-acre lot is zoned Central Employment (EX), providing flexibility for various uses. Street parking is available. The building boasts a 6:1 floor area ratio (FAR), expandable to 9:1 with bonuses, allowing for substantial development possibilities. The current owner holds an open permit for a restaurant, bar, and event venue, streamlining the permitting process for prospective buyers. This location is surrounded by a thriving community, featuring award-winning restaurants, bars, high-density housing, and offices, all within a walkable urban setting. This property represents a rare chance to acquire a significant asset in one of Portland's most desirable neighborhoods. The property's size, zoning, and prime location make it an ideal investment for those seeking high-return potential in a dynamic market.