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    1927 21St Ave Forest Grove, OR 97116

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    For Sale
    $2,500,000

    Restaurant, bar, stage, dance floor, and arcade included.

    Property size:
    10,268 SF
    Lot size:
    0.51 Acres

    Property Features for 1927 21St Ave

    General Information

    Size
    10,268 SF
    Lot size
    0.51 Acres

    Source: Norris & Stevens, Inc. - Corporate Agent Tim Budelman

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

    Overview

    Downtown Forest Grove Leased Building

    This commercial property, currently 100% leased, is located in downtown Forest Grove, Oregon, a rapidly growing city. The building, which includes a restaurant, bar, stage, dance floor, and arcade, is situated two blocks from Pacific University. The property offers 16 parking spaces, supplemented by ample street parking. The building has a size of 10,268 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Red Rooster Saloon, Sips, Diamond Palace, Waltz Brewing, Ridgewalker Brewing

    Location Insight

    • Map
    • Local Demand
    City
    Forest Grove
    County
    Washington
    State
    Oregon
    Longitude
    -123.1125072
    Latitude
    45.5212551

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    FAQs

    What type of property is this?
    Bar - Restaurant, bar, stage, dance floor, and arcade included.
    Where is this bar located?
    The property is located at 1927 21St Ave Forest Grove, OR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Located in the heart of downtown Forest Grove, one of Oregon’s fastest growing cities.; - Building currently 100% leased.; - Diversity cafe includes a restaurant, bar, stage, dance floor and arcade.
    (503) 223-3171
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    1927 21St Ave Forest Grove, OR 97116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1927 21St Ave Forest Grove, OR 97116
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