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    220 2Nd Ave Portland, OR 97209

    Sponsored
    For Lease
    Contact for pricing

    Prime Old Town location, two suites available

    Lot size:
    2,863 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, located at 220 NW 2nd Avenue in Portland, Oregon's vibrant Old Town, offers two available suites totaling 2,863 square feet. The building, completely renovated in 2020, presents a modern and dynamic environment ideal for restaurants or retail businesses. Each suite offers ample space, with a minimum divisible size of 1,308 square feet and a maximum contiguous space of 1,555 square feet. Currently, the entire 2,863 square feet is vacant, providing a unique opportunity for a single tenant to occupy the entire building or for two separate businesses to establish themselves in this highly desirable location. The property's prime location within Multnomah County, zip code 97209, ensures high visibility and foot traffic. Its modern design and street-side accessibility create a welcoming atmosphere for customers and employees alike. This landmark building offers a blend of modern amenities and historical charm, making it an exceptional investment opportunity in a thriving urban core. The property is categorized as both retail and restaurant space, making it suitable for a wide range of businesses. This is a rare chance to secure a prominent space in one of Portland's most sought-after neighborhoods.

    Property Features for 220 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,863 SF
    Class
    A

    Building Details

    Year Renovated
    2020

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,555 SF
    Space
    Available Space 1
    Size
    1,308 SF

    HighLights

    • 2,863 SF of Class A retail space available in Portland's Old Town (220 NW 2nd Avenue, 97209).
    • Completely renovated in 2020, ideal for restaurants or retail.
    • Suites divisible from 1,308 SF to a maximum of 1,555 SF contiguous.
    • High visibility location with excellent foot traffic in Multnomah County.
    • Building features modern amenities and street‑side accessibility.
    • LEED Gold and WiredScore certified.
    Property Profile Location Intelligence

    Current Use by Public Records

    KB Pipeline Co Auto Repair Shop JBL & K Risk ... Insurance Agency One Pacific Square ... Parking Lot NNG Financial Corporation Bank Oregon Auto Shipping Auto Broker

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6719341
    Latitude
    45.5249194

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    FAQs

    What type of property is this?
    Restaurant - Prime Old Town location, two suites available
    Where is this restaurant located?
    The property is located at 220 2Nd Ave Portland, OR.
    What are key features of this property?
    This property features: 2,863 SF of Class A retail space available in Portland's Old Town (220 NW 2nd Avenue, 97209).; Completely renovated in 2020, ideal for restaurants or retail.; Suites divisible from 1,308 SF to a maximum of 1,555 SF contiguous.
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    220 2Nd Ave Portland, OR 97209
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    Portland, OR 97209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 2Nd Ave Portland, OR 97209
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