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    Established Sushi Restaurant Business Title is generated by Realmo AI

    1022 NW Johnson, Portland, OR 97209

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    For Sale
    $680,000

    For sale established high-end sushi concept with full commercial kitchen, walk-in cooler, and seating including outdoor areas.

    Type:Commercial
    Property size:
    3,808 SF
    Price / SF:
    $178/SF
    Added:
    Jun 14, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 20 at 3:08 am

    Property Features for 1022 NW Johnson

    General Information

    Standard status
    Active
    Size
    3,808 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

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    SIMON WONG

    Listing office MORE REALTY

    Listing date Jun 14, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MORE REALTY

    HighLights

    • Established high‑end sushi restaurant concept in the downtown Pearl District (business opportunity only; no real estate involved)
    • Built in 2000
    • Full commercial kitchen with walk‑in cooler, hood, grease trap, and dishwasher
    • Seating for about 120 guests, including party areas and outdoor seating
    • 5 sushi chef stations plus service bar
    • Includes storage areas, garage, and 3 unisex bathrooms

    Overview

    Business opportunity only; no real estate is included. This established high-end sushi restaurant operates with a full commercial kitchen and key supporting systems, including a hood, grease trap, dishwasher, and walk-in cooler. The layout includes five sushi chef stations and a dedicated service bar, along with storage areas and a garage for back-of-house needs. Customer space is supported by three unisex bathrooms, plus party areas and both indoor and outdoor seating.

    The restaurant is described as being in the heart of downtown Pearl District in Portland, Oregon. Appt is required for showings, and business operations should not be disturbed; please do not speak with employees.

    This offering is best suited for a buyer looking to acquire an operating sushi restaurant business with the core culinary and service infrastructure already in place. With capacity of about 120 seats, multiple seating formats, and a complete kitchen buildout, it supports day-to-day restaurant operations without requiring immediate foundational equipment procurement. The presence of dedicated chef stations, service bar, and established restrooms and storage further supports continuity for a next operator.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $73.1k $19.20
    − Vacancy −$4.8k −$1.25
    EGI $68.4k $17.95
    − OpEx −$17.1k −$4.49
    NOI $51.3k $13.46
    3,808 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $732.4K
    $640.9K – $854.5K (±1% cap)
    NOI $51,271 @ 7.0% cap · market cap 7.54%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.07M
    $935.7K – $1.25M (±1% cap)
    NOI $74,857 @ 7.0% cap · market cap 11.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Momoyama restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Law Firm Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6818079
    Latitude
    45.5283074

    FAQs

    What type of property is this?
    Conventional restaurant - For sale established high-end sushi concept with full commercial kitchen, walk-in cooler, and seating including outdoor areas.
    Where is this conventional restaurant located?
    The property is located at 1022 NW Johnson Portland, OR.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: Established high‑end sushi restaurant concept in the downtown Pearl District (business opportunity only; no real estate involved); Built in 2000; Full commercial kitchen with walk‑in cooler, hood, grease trap, and dishwasher
    More about this property
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