2700 Alberta StPortland, OR 97211

Property Details for 2700 Alberta St

Year built

1953

Lot size

0.15 AC

Property size (Sq ft)

3,190 SF

Zone code

CSH

Property type

Warehouses

APN

1N1E24BC 03800

APU

1N1E24BC03800

Description

This exceptional Portland restaurant presents a unique owner-user opportunity. Located at 2700 NE Alberta Street, this 3,190 square foot property boasts a strong 8.03% cap rate and a substantial $120,000 net operating income (NOI) with 100% occupancy. Built in 1953 and extensively renovated in 2017, the single-story building sits on a 0.15-acre lot and is zoned CM2-Commercial Mixed Use, offering significant potential for expansion. The asking price is $1,495,000 ($468.65/sq ft). The interior features high-quality craftsmanship and finishes, including a spacious prep area, stainless steel appliances, a large walk-in refrigerator, a hood system, a full range, a refrigerated full bar, and an industrial dishwashing unit. A year-round covered outdoor space adds to the property's appeal. Further development potential exists with opportunities for a rooftop bar and event space, along with maximizing the use of the south-side outdoor area. This turnkey operation is situated in a prime location on one of Northeast Portland's trendiest streets, ensuring a thriving business environment. The property is ready for immediate operation, offering a seamless transition for a new owner.

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,872

  Hospitality

  $918,626

  Educational

  $764,286

  Medical

  $790,571

  Retail

  $1,188,889

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5588

Longitude

-122.638

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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