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Turnkey Restaurant Space in Portland
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50 SW 3rd Ave, Portland, OR 97204

Equipped restaurant space in downtown Portland's vibrant waterfront area.

Space Size2,265 SF
Days on Market521

Property Features for 50 SW 3rd Ave

General Information

Standard status Active
Size 2,265 SF
Property subtype Retail
Lease Type NNN

Building Details

Tenancy Single

Spaces For Lease

at 50 SW 3rd Ave Contact us

Available Space

Size
2,265 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Commercial Integrity NW
Listed By: Brad Macomber · License #OR#200908061
Source: Crexi
Added: Mar 19, 2025 Changed: Aug 15 Last Checked: Aug 20 at 5:41PM

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 Commercial Integrity NW

Investment Insights

Based on property information with market context.

Located at 50 SW 3rd Ave in Portland, OR 97204, this property presents a leasing opportunity for restaurateurs. The space is a fully equipped, turnkey restaurant, ready for immediate use. Situated in the heart of downtown Portland's waterfront area, the location benefits from high foot traffic, with downtown experiencing a 3% increase in visitors in 2024. The surrounding area includes a mix of commercial and residential properties, featuring creative office spaces and upscale living options. This dynamic environment, with proximity to dining, retail, and cultural venues, provides a location for a restaurant business.

Key Highlights

  • Fully equipped, turnkey restaurant space ready for immediate use.
  • Prime location in downtown Portland's vibrant waterfront area.
  • High foot traffic area.

Property Analytics

Current Use

AFURI ramen + dumpling ... Restaurant

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store Veterinary Clinic Adult Day Care Buffet Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,611
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Keller Café 222 SW Clay St, Portland, OR 97201

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Equipped restaurant space in downtown Portland's vibrant waterfront area.
Where is this conventional restaurant located?
The property is located at 50 SW 3rd Ave Portland, OR.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Fully equipped, turnkey restaurant space ready for immediate use.; Prime location in downtown Portland's vibrant waterfront area.; High foot traffic area.
(503) 218-4380 Call to check price and availability
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