Historic Wedding Venue
For Sale
Contact for pricing
Pending
706-710 SE 6th Avenue, Portland, OR 97214
Restored hospitality property with event, bar, and restaurant uses in Portland’s Central Eastside.
Property Size16,320 SF
Days on Market76
Property Features for 706-710 SE 6th Avenue
General Information
Standard status
Pending
Size
16,320 SF
Property subtype
Retail
Zoning
EX
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$326,637
Amenities
mezzanine
built-in bar
ADA accessibility
professional sound and lighting
Building Details
Year Built
1908
Year Renovated
2015
Buildings
1
Tenancy
Multi
Listing Agency:
Ethos Commercial Advisors LLC Portland
Listed By:
Brian Hanson · License #201217368
(850) 545-2282
Source:
Crexi
Added: Aug 6
Changed: Oct 19
Last Checked: Oct 19 at 4:24AM
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 Ethos Commercial Advisors LLC Portland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1908, this 16,320-square-foot hospitality property combines restored historic architecture with established event and bar operations. The building features steel-reinforced concrete construction, large window bays, maple hardwood floors, high ceilings, a mezzanine, built-in bar, ADA accessibility, and professional sound and lighting. The Evergreen operates as an event venue for weddings, corporate events, fundraisers, and private gatherings, while Loyal Legion includes Voysey, a basement bar.
The property occupies the intersection of SE 6th Avenue and Alder Street in Portland’s Central Eastside. Loyal Legion and The Evergreen have each operated at the property for ten years and completed new 10-year lease renewals. Loyal Legion’s taproom includes a 99+ tap Oregon craft beer program, complementing the event-oriented use of The Evergreen. The property is zoned EX.
The property occupies the intersection of SE 6th Avenue and Alder Street in Portland’s Central Eastside. Loyal Legion and The Evergreen have each operated at the property for ten years and completed new 10-year lease renewals. Loyal Legion’s taproom includes a 99+ tap Oregon craft beer program, complementing the event-oriented use of The Evergreen. The property is zoned EX.
Key Highlights
- 16,320‑square‑foot building constructed in 1908
- The Evergreen event venue supports weddings, corporate events, fundraisers, and private gatherings
- Loyal Legion includes Voysey, a basement bar, and a 99+ tap Oregon craft beer program
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,732
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,394,640
$4.4M
Cap Rate 7%
$3,139,029
$3.1M
Cap Rate 9%
$2,441,467
$2.4M
Market Conditions
NOI Build-Up for 16,320 SF
Gross rent
$313.3K $19.20/SF
− Vacancy
−$20.4K −$1.25/SF
EGI
$293.0K $17.95/SF
− OpEx
−$73.2K −$4.49/SF
NOI
$219.7K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,394,640
Cap Rate 7%
$3,139,029
Cap Rate 9%
$2,441,467
Alternative Uses
Best Use
Specialty Retail
$3.14M
$2.75M – $3.66M
NOI $219,732 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.58M
$4.01M – $5.35M
NOI $320,814 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Wedding venue - Restored hospitality property with event, bar, and restaurant uses in Portland’s Central Eastside.
Where is this wedding venue located?
The property is located at 706-710 SE 6th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 16,320‑square‑foot building constructed in 1908; The Evergreen event venue supports weddings, corporate events, fundraisers, and private gatherings; Loyal Legion includes Voysey, a basement bar, and a 99+ tap Oregon craft beer program
