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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3932 Mississippi Ave Portland, OR 97227

19,571 SF 0.46 ac lot Built 1992
Property ID
Property summary
AI-generated overview

This exceptional Portland, Oregon property, located at 3932-3936 N Mississippi Ave, offers a prime 19,571 square foot retail and restaurant opportunity. Built in 1992 and extensively renovated in 2021, this single-tenant building sits on a 0.46-acre lot in the vibrant North Portland submarket (Multnomah County, APN R223687, CM3 zoning). The two-story structure boasts a 3,675 square foot main space, plus a mezzanine and a loft office (not included in the square footage). Features include two bars, a walk-in cooler, a Type I hood, three private bathrooms, and a garage. The prime Mississippi Avenue frontage features two man doors and two roll-up doors, opening the space to a front patio, creating an ideal outdoor dining experience. Additional access is provided via two man doors and a garage/delivery door to a back alley. This location is surrounded by thriving businesses, including restaurants, shops, and entertainment venues, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a well-established, fully equipped restaurant and bar in a highly desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1992
Total area 19,571 SF
Lot 0.46 ac (20,038 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • La Fiesta @Lustre Pearl Music Venue Bar & Pub
  • Portland Pickles Public House Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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