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    1502 SE Morrison St Portland, OR 97214

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    For Lease
    $6,500 /Mo ($21 SF/Yr)

    Retail space with drive-through and off-street parking available for rent.

    Property size:
    3,602 SF
    Lot size:
    0.23 Acres

    Property Features for 1502 SE Morrison St

    General Information

    Size
    3,602 SF
    Lot size
    0.23 Acres

    Source: Macadam Forbes Agent Kevin VandenBrink

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

    Overview

    Retail Space with Drive-Through

    This retail space, totaling 3,602 square feet, features food and beverage infrastructure and a permitted drive-through. The property is zoned CM2 and includes off-street parking. Pylon signage is available on Morrison Street. It is suitable for drive-through restaurants, restaurants, retail properties, individual retail properties, and general retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    King Harvest Hummus ... Wholesaler

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Hair Salon Spa & Massage Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6502905
    Latitude
    45.5169727

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    FAQs

    What type of property is this?
    Drive through restaurant - Retail space with drive-through and off-street parking available for rent.
    Where is this drive through restaurant located?
    The property is located at 1502 SE Morrison St Portland, OR.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Rare permitted drive-through; - Food and beverage infrastructure in place; - CM2 zoning offers flexibility
    (503) 227-2500
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    1502 SE Morrison St Portland, OR 97214
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    Portland, OR 97214
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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
    1502 SE Morrison St Portland, OR 97214
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