1022 NW Johnson, Portland, OR 97209
For sale established high-end sushi concept with full commercial kitchen, walk-in cooler, and seating including outdoor areas.
- 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
Listing office MORE REALTY (503) 353-6673
Listing date Jun 14, 2026
Source Corcoran
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6818079
- Latitude
- 45.5283074