1331 Broadway Portland, OR 97201
Exceptional opportunity to acquire a fully equipped, 7,061 square foot restaurant located in the heart of Portland, Oregon at 1331 SW Broadway, zip code 97201. This stunning property, built in 1863, boasts a rich history and has been meticulously remodeled. The asking price is $3,200,000, translating to $453.19 per square foot. The space is currently vacant and includes all fixtures, furniture, equipment, and more – a true turnkey operation. The main floor encompasses 2,989 square feet and features a full kitchen, bar, and dining area. A mezzanine level adds another 1,029 square feet. The second floor, totaling 3,043 square feet, offers a prep kitchen, bar, fireplace, pool table, vaulted ceilings with exposed beams, and a large seating area. Upper-level amenities include office space, two bathrooms (one with a shower), lockers, and ample storage. Elevator service is available. This unique property, previously home to the Raven and Rose restaurant, benefits from its placement above a multi-story parking garage, having been carefully relocated in 2008 onto a new foundation. Condo association membership is required. Ideal for a variety of uses, including restaurants, wineries, or event spaces. Don't miss this chance to own a piece of Portland history.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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