831-839 23Rd Ave Portland, OR 97210
This exceptional restaurant opportunity is located at 831-839 NW 23rd Ave in Portland, Oregon, within Multnomah County, zip code 97210. The property boasts a prime corner location, offering unparalleled visibility and accessibility. The building, constructed in 1917, comprises a total of 5,602 square feet, with 5,174 square feet currently available for lease. The property is classified as retail and restaurant space, specifically suited for multiple tenants. This presents a unique chance to establish or expand a thriving culinary business in a vibrant and highly sought-after area of Portland. The building's historical character adds to its charm and appeal, while its location ensures high foot traffic and excellent exposure. The address is easily accessible, providing convenient access for customers and staff. This is a rare opportunity to secure a well-positioned restaurant space in a dynamic and thriving neighborhood. The property's size and layout offer flexibility for various restaurant concepts. Serious inquiries are encouraged to explore this exceptional investment prospect.
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.