Landmark Business Opportunity in
For Sale
$1,950,000
Pending
8325 SE MCLOUGHLIN, Portland, OR 97202
Rare development opportunity with high visibility and excellent location.
Property Size7,778 SF
Lot Size0.89 Acres
Days on Market233
Property Features for 8325 SE MCLOUGHLIN
General Information
Standard status
Pending
Size
7,778 SF
Lot size
0.89 Acres
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
BELA BARANY
Source:
Corcoran
Added: Dec 10, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:43AM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This offering presents a rare real estate development and landmark business opportunity in close-in Southeast Portland, situated along Highway 99/McLoughlin Blvd. The property comprises three tax lots totaling 0.89 acres (38,757 square feet) and features a landmark business and building. It boasts 271 feet of frontage and includes two parking lots accommodating 40 spaces. The restaurant has a capacity of 152 people. The location offers great exposure and visibility from the high-traffic highway. The existing large business signage is grandfathered in, provided it remains in place. The property includes a large, two-story building with Johnson Creek bordering the west side. Its location provides convenient access to MAX and public transportation, with direct access to and from the Sellwood area. Zoned Portland Commercial Employment (CE), the property allows for retail sales and services, office space, quick vehicle servicing, vehicle repair, self-service storage, household living, institutional uses, and limited manufacturing and other low-impact industrial uses. The maximum building height is 45 feet (approximately 4 stories). Parking is not required. The Floor Area Ratio (FAR) is 2.5:1, with the potential to increase to 4:1 with bonus provisions. The building size is 7,778 square feet.
Key Highlights
- High‑traffic location on Highway 99/McLoughlin Blvd with 271‑foot frontage and grandfathered‑in large business signage.
- Large 0.89 acre site comprised of three tax lots with a landmark building.
- Portland Commercial Employment zoning allows for a wide range of uses.
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 | $177.3k | $22.80 |
| − Vacancy | −$10.6k | −$1.37 |
| EGI | $166.7k | $21.43 |
| − OpEx | −$41.7k | −$5.36 |
| NOI | $125.0k | $16.07 |
7,778 SF · lease $22.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.56M – $2.08M
NOI $125,024 @ 7.0% cap · market cap 6.41%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,783 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.86M
$1.62M – $2.16M
NOI $129,892 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Market
Properties on Market for Restaurants in Portland
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tavola Catering — 8235 SE 13th Ave, Portland, OR 97202
- Oregon Production Kitchen — 2121 SE Ochoco St, Portland, OR 97222
- What's For Dinner Chef's Pantry — 8235 SE 13th Ave, Portland, OR 97202
- Verns & Son — 1952 SE Ochoco St, Portland, OR 97222
- Premiere Catering — 2432 SE Umatilla St, Portland, OR 97202
Frequently Asked Questions
What type of property is this?
Restaurant - Rare development opportunity with high visibility and excellent location.
Where is this restaurant located?
The property is located at 8325 SE MCLOUGHLIN Portland, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: High‑traffic location on Highway 99/McLoughlin Blvd with 271‑foot frontage and grandfathered‑in large business signage.; Large 0.89 acre site comprised of three tax lots with a landmark building.; Portland Commercial Employment zoning allows for a wide range of uses.
