1717 Park AvePortland, OR 97201

Property Details for 1717 Park Ave

Year built

1951

Lot size

0.92 AC

Property size (Sq ft)

245,281 SF

Zone code

RXD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

1S1E04AD 08600

APU

1S1E04AD08600

Description

This thriving Japanese and Poke restaurant in Portland, Oregon, presents a fantastic investment opportunity. Located at 1717 SW Park Ave, 97201, this single-tenant property boasts 1,310 square feet of space, perfect for both indoor and outdoor dining. The restaurant currently features 20 indoor seats with additional outdoor seating capacity. The business is offered at a purchase price of $148,000. The menu is designed for efficient operation, with all dishes prepared and served within two minutes, allowing for streamlined service and high turnover. The current staffing model utilizes an average of three employees. The restaurant maintains a spotless environment and enjoys consistently positive customer reviews, indicating a strong reputation and loyal clientele. This turnkey operation is easy to learn and manage, making it an ideal acquisition for an experienced restaurateur or a first-time business owner seeking a profitable venture in a desirable Portland location. The property's prime location in the Japanese submarket ensures a steady stream of customers familiar with and appreciative of authentic Japanese cuisine. This is a rare opportunity to acquire a well-established, profitable restaurant with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $83,537,408

  6.5%

  $77,111,456

  7%

  $71,603,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,216,136

  Geo Method

  $73,216,136

• Alternative Use

  Use

  Valuation

  Residential

  $77,111,456

  Hospitality

  $70,633,680

  Educational

  $58,766,392

  Medical

  $60,787,460

  Retail

  $91,414,384

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5129

Longitude

-122.685

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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