22 2Nd Ave Portland, OR 97232
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.
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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
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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.