3932 Mississippi Ave Portland, OR 97227
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.
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La Fiesta @Lustre Pearl Music Venue Bar & Pub
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Portland Pickles Public House Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.