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    661 Belmont St Portland, OR 97214

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    For Lease
    Contact for pricing

    Portland, OR: Prime Retail Opportunity

    Lot size:
    182,009 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 661 SE Belmont St in Portland, Oregon, presents two available spaces ideal for a variety of businesses. Built in 2016, this six-story building boasts a total of 182,009 square feet, offering a vibrant and established commercial environment. The available spaces are suited for retail or restaurant use, and are currently configured as a salon, presenting a second-generation opportunity for customization. Units range in size from 870 to 1,379 square feet, providing flexibility for various business needs. The property's prime location in the desirable Belmont neighborhood of Portland offers high visibility and accessibility, with significant foot traffic and proximity to other thriving businesses. The property's Assessed Parcel Number (APN) is R150226. This is a multi-tenant building, providing a dynamic and collaborative atmosphere. The building's modern design and construction ensure a high-quality space for any business looking to establish or expand its presence in Portland's thriving market. This is a rare opportunity to secure a well-located, versatile retail space in a highly sought-after area. The property's location offers excellent access to public transportation and ample parking options for customers and employees.

    Property Features for 661 Belmont St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    182,009 SF

    Building Details

    Year Built
    2016
    Stories
    6

    Unit(s) available at that property

    Space
    Suite B1
    Size
    870 SF
    Space
    Suite F
    Size
    1,379 SF

    HighLights

    • Close‑in Southeast Portland retail space, Suite B1, on SE Morrison Street; second‑generation space, previously a salon.
    • Second‑generation restaurant space with grease trap, plumbing, and sinks (no Type I hood).
    • Part of the Modera community, with 200 apartments above 11,362 square feet of ground‑floor retail.
    • Strong tenant mix nearby, including Hat Yai, Pop Pizza, and others.
    • Immediately available; Walk Score 92, Bike Score 100, Transit Score 72.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sushi Hide Japanese Japanese Restaurant Puffle Waffle Restaurant

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Pharmacy Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.65915147
    Latitude
    45.51653678

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    FAQs

    What type of property is this?
    Restaurant - Portland, OR: Prime Retail Opportunity
    Where is this restaurant located?
    The property is located at 661 Belmont St Portland, OR.
    What are key features of this property?
    This property features: Close-in Southeast Portland retail space, Suite B1, on SE Morrison Street; second-generation space, previously a salon.; Second-generation restaurant space with grease trap, plumbing, and sinks (no Type I hood).; Part of the Modera community, with 200 apartments above 11,362 square feet of ground-floor retail.
    Request Owner's contact information
    661 Belmont St Portland, OR 97214
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    Portland, OR 97214
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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
    661 Belmont St Portland, OR 97214
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