3500 Hawthorne BlvdPortland, OR 97214

Property Details for 3500 Hawthorne Blvd

Year built

1923

Lot size

0.17 AC

Property size (Sq ft)

7,081 SF

Zone code

CS

Property type

Retail space

APN

1S1E01DB 12200

APU

1S1E01DB12200

Description

This exceptional 3,140 square foot restaurant space is located on a prime corner lot at 3500 SE Hawthorne Blvd in Portland, Oregon, within Multnomah County (zip code 97214). The property is part of a larger retail building totaling 7,081 square feet, offering a strong presence on a busy thoroughfare. This is a second-generation restaurant space, meaning it's ready for immediate occupancy by a new tenant, having previously housed a restaurant operation. The space is ideal for a variety of culinary concepts, benefiting from existing restaurant infrastructure. The location provides excellent visibility and accessibility for customers, with high foot traffic and convenient access to public transportation. The property's corner location offers significant advantages in terms of signage and street presence. This is a rare opportunity to acquire a well-situated restaurant space in a vibrant and desirable Portland neighborhood. The property is classified as retail, with a restaurant subtype and multiple tenancy. The space is ready for immediate use, presenting a turnkey solution for a new restaurant venture. This is a fantastic opportunity to establish a thriving business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,858,955

  6.5%

  $2,639,036

  7%

  $2,450,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,436,421

  Geo Method

  $3,436,421

• Alternative Use

  Use

  Valuation

  Residential

  $2,226,125

  Hospitality

  $2,039,119

  Educational

  $1,696,523

  Medical

  $1,754,869

  Retail

  $2,639,036

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5119

Longitude

-122.628

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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