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    7409 Interstate Ave Portland, OR 97217

    Sponsored
    For Lease
    $26 SF/Yr

    ±1,400 SF Retail/Restaurant Space, Great Location

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±1,400 square foot retail space, located at 7409 N Interstate Ave in Portland, Oregon, presents a fantastic opportunity for a variety of businesses. The property is classified as both retail and restaurant space, and is currently configured as a single-tenant occupancy. Its ideal location in Multnomah County, zip code 97217, offers excellent visibility and accessibility. A key advantage is the availability of off-street parking, a rare find in this area. The space is suitable for a sandwich shop or office, among other uses. Pylon signage is available, enhancing visibility and brand recognition. The lease rate is $26.00 per square foot, plus NNN charges. The property is expected to be available for occupancy in mid-to-late November 2024. This prime location, combined with the convenient parking and signage opportunities, makes this space an exceptional investment for a discerning business owner. The property is easily accessible from Interstate Avenue, providing convenient access for customers and employees. This is a unique opportunity to secure a well-located retail space in a thriving Portland neighborhood.

    Property Features for 7409 Interstate Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF

    Unit(s) available at that property

    Space
    Size
    1,400 SF
    Rate per SF
    $26

    HighLights

    • High‑visibility location between the Arbor Lodge and Kenton neighborhoods.
    • Former sandwich shop, ±1,400 SF, at 7409 N Interstate Ave, Portland, OR 97217.
    • CM3 zoning allows for various retail and service office uses.
    • Under renovation, completion mid‑to‑late November 2024; includes new roof, HVAC, and LED lighting.
    • $26/SF NNN lease rate; off‑street parking available; pylon signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    OnPoint COVID Testing Laboratory

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.68223730767
    Latitude
    45.57662457025

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    FAQs

    What type of property is this?
    Restaurant - ±1,400 SF Retail/Restaurant Space, Great Location
    Where is this restaurant located?
    The property is located at 7409 Interstate Ave Portland, OR.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location between the Arbor Lodge and Kenton neighborhoods.; Former sandwich shop, ±1,400 SF, at 7409 N Interstate Ave, Portland, OR 97217.; CM3 zoning allows for various retail and service office uses.
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    7409 Interstate Ave Portland, OR 97217
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    Portland, OR 97217
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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
    7409 Interstate Ave Portland, OR 97217
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