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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

22 2Nd Ave Portland, OR 97232

Property ID
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity is located in Portland's vibrant Central Eastside, specifically within "The Yard" at the Burnside Bridgehead. This 4,351 square foot space is part of a thriving mixed-use development, boasting 284 apartments and the well-established Knot Springs Spa. The property's prime location offers unparalleled visibility and accessibility, benefiting from high foot traffic and proximity to residential and commercial activity. The space is categorized as a second-generation restaurant, meaning it's ready for immediate occupancy with existing infrastructure in place, potentially saving significant time and costs on build-out. The "The Yard" building itself provides a dynamic and attractive environment, enhancing the overall appeal and potential for success. This is a rare chance to establish or relocate a restaurant business in a highly sought-after area of Portland, Oregon, with a built-in customer base and strong community presence. The address is 22 NE 2nd Ave, Portland, OR 97232. This multiple-tenancy building offers a diverse and energetic atmosphere. The space is currently available for lease.

Property profile
Verified
Property type Retail properties & Spaces
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
  • River Vision Architectural Designer
  • 22 NE 2nd Ave Parking Parking Lot & Garage
  • MoveOnArts! LetsGoArtSee! Theater & Performing Art Venue
  • Alert Heating & Air Conditioning Hardware & Home Improvement HVAC Service
  • Queens Peace Palace Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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