Turn-Key Bar/Restaurant with Outdoor
For Sale
Contact for pricing
2700 NE Alberta St, Portland, OR
Turn-key bar/restaurant with covered outdoor space in Alberta Arts.
Property Size3,190 SF
Lot Size0.15 Acres
Price / SF$468.65
Days on Market510
Property Features for 2700 NE Alberta St
General Information
Standard status
Active
Size
3,190 SF
Lot size
0.15 Acres
Property subtype
RETAIL
Listing Agency:
Apex Real Estate Partners
(503) 313-8149
Listed By:
Jordan Fezler · License #201225534
(503) 313-8149
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:03AM
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 Apex Real Estate Partners
Investment Insights
Based on property information with market context.
This turn-key bar and restaurant space offers approximately 3,190 square feet, complemented by approximately 1,500 square feet of covered outdoor space. Constructed in 1953 and extensively renovated in 2017, the property is ADA accessible. The outdoor area is designed for year-round use and features natural gas fire pits. The site offers potential for future rooftop bar access. Situated on a corner lot within the Alberta Arts district, the property benefits from excellent visibility. The land size is approximately 6,570 square feet, which is about 0.15 acres. It is zoned CM2, Commercial Mixed Use 2.
Key Highlights
- Turn‑key bar/restaurant with approximately 3,190 RSF interior and approximately 1,500 SF of covered outdoor space.
- Prime Alberta Arts district location.
- Year‑round outdoor space with natural gas fire pits.
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 | $61.2k | $19.20 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $57.3k | $17.95 |
| − OpEx | −$14.3k | −$4.49 |
| NOI | $43.0k | $13.46 |
3,190 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$613.6K
$536.9K – $715.8K
NOI $42,950 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$531.1K
$464.7K – $619.7K
NOI $37,179 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,708 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lucca — 3449 NE 24th Ave, Portland, OR 97212
- Barista — 1725 NE Alberta St, Portland, OR 97211
- Free House — 1325 NE Fremont St, Portland, OR 97212
- Conscious Sedation Beer Garden — 1505 NE Alberta St, Portland, OR 97211
- Roseline Coffee — 1725 NE Alberta St, Portland, OR 97211
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key bar/restaurant with covered outdoor space in Alberta Arts.
Where is this bar & pub located?
The property is located at 2700 NE Alberta St Portland, OR.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Turn‑key bar/restaurant with approximately 3,190 RSF interior and approximately 1,500 SF of covered outdoor space.; Prime Alberta Arts district location.; Year‑round outdoor space with natural gas fire pits.
