Freestanding Bar and Restaurant
For Sale
$1,250,000
2530 NE 82nd Ave, Portland, OR 97220
Freestanding hospitality building is fully leased to an established tenant on Portland’s NE 82nd Avenue corridor.
Days on Market41
Property Features for 2530 NE 82nd Ave
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Building Details
Building Size
2,880 SF
Year Built
1964
Tenancy
Single
Listing Agency:
Svaren Realty
(503) 267-9828
Listed By:
Joshua Svaren
(503) 267-9828
Source:
Metanars
Added: Jun 20
Changed: Jul 27
Last Checked: Jul 29 at 1:30PM
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 Svaren Realty
Investment Insights
Based on property information with market context.
This freestanding commercial building is offered for sale as a leased investment. The property is fully leased to an established tenant, providing immediate occupancy, and it reflects a proven hospitality use, formerly operating as Misfits Bar + Lounge.
The building is located in the Madison South neighborhood along one of East Portland’s most recognizable commercial corridors. Public remarks note excellent visibility and strong traffic counts, along with proximity to major transportation routes, Portland International Airport, and growing neighborhood amenities, supported by continued public and private investment along the 82nd Avenue corridor.
The building is located in the Madison South neighborhood along one of East Portland’s most recognizable commercial corridors. Public remarks note excellent visibility and strong traffic counts, along with proximity to major transportation routes, Portland International Airport, and growing neighborhood amenities, supported by continued public and private investment along the 82nd Avenue corridor.
Key Highlights
- Freestanding commercial hospitality building on Portland’s NE 82nd Avenue corridor
- Fully leased to an established tenant for immediate income
- Year built: 1964
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 | $55.3k | $19.20 |
| − Vacancy | −$3.6k | −$1.25 |
| EGI | $51.7k | $17.95 |
| − OpEx | −$12.9k | −$4.49 |
| NOI | $38.8k | $13.46 |
2,880 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.8K
$707.7K – $943.6K
NOI $56,614 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Similar Off Market Nearby
- Kc's Deli — Portland, OR 97220, United States
- Rose City Grill — 2200 NE 71st Ave, Portland, OR 97213
- John's Corner — Portland, OR 97220
- Misfits Bar + Lounge — 2530 NE 82nd Ave, Portland, OR 97220
- Pappy's Bar & Grill — 1144 NE 82nd Ave, Portland, OR 97220
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding hospitality building is fully leased to an established tenant on Portland’s NE 82nd Avenue corridor.
Where is this bar & pub located?
The property is located at 2530 NE 82nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Freestanding commercial hospitality building on Portland’s NE 82nd Avenue corridor; Fully leased to an established tenant for immediate income; Year built: 1964
