Brand New Corner Restaurant
For Lease
Contact for pricing
106 NE Grand Ave, Portland, OR 97232
New restaurant space with floor-to-ceiling windows, high ceilings, and corner storefront frontage for a strong street presence.
Space Size3,035 SF
Days on Market816
Property Features for 106 NE Grand Ave
General Information
Standard status
Active
Size
3,035 SF
Property subtype
RETAIL
Lease Type
NNN
Additional Details
Highway Access
Yes
Spaces For Lease
at 106 NE Grand Ave Contact us- Floor
- 1
- Size
- 3,035 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Grand Canyon Bldg $40/SF/Yr
-This brand new restaurant space has a beautiful storefront with floor-to-ceiling...
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Contact us
Listing Agency:
North Rim
(503) 525-1925
Listed By:
Matt Schweitzer
(503) 381-3134
Source:
Moodyscre
Added: Jun 21, 2024
Changed: Sep 4
Last Checked: Sep 14 at 11:38AM
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 North Rim
Investment Insights
Based on property information with market context.
A brand new restaurant space with a prominent corner storefront featuring floor-to-ceiling windows and high ceilings throughout, creating a bright, open interior. The property is positioned to support restaurant operations, with production kitchen capabilities described by the operator and commercial kitchens outfitted by Pitman Restaurant Equipment.
The location is at the intersection of NE Grand and Cough in Central City, with access to bus lines and a streetcar stop, nearby downtown bridges, and convenient proximity to I-5 and I-84. The Oregon Convention Center and multiple restaurants and businesses are also nearby, and the area is described as undergoing revitalization.
For day-to-day access, the space can be reached by public or personal transportation, supporting customer traffic from both transit and nearby downtown connections.
The location is at the intersection of NE Grand and Cough in Central City, with access to bus lines and a streetcar stop, nearby downtown bridges, and convenient proximity to I-5 and I-84. The Oregon Convention Center and multiple restaurants and businesses are also nearby, and the area is described as undergoing revitalization.
For day-to-day access, the space can be reached by public or personal transportation, supporting customer traffic from both transit and nearby downtown connections.
Key Highlights
- Brand new restaurant space with floor‑to‑ceiling windows and high ceilings throughout
- Corner storefront at the intersection of NE Grand and Cough
- Highly visible location with strong street presence from corner frontage
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,242
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, OR
$24.6 /SF/Yr
Avg Asking Price
$22–$27 /SF/Yr
Price Range
14,114 SF
Avg Space Size
This space is priced 63% above the average of $24.6 /SF/Yr.
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - New restaurant space with floor-to-ceiling windows, high ceilings, and corner storefront frontage for a strong street presence.
Where is this conventional restaurant located?
The property is located at 106 NE Grand Ave Portland, OR.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Brand new restaurant space with floor‑to‑ceiling windows and high ceilings throughout; Corner storefront at the intersection of NE Grand and Cough; Highly visible location with strong street presence from corner frontage
