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    FOR LEASE
    Apartment buildings

    1717 SW Park Ave, Portland, OR 97201

    245,281 SF 0.92 ac lot Built 1951
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US71-0670765
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1951
    Total area 245,281 SF
    Lot 0.92 ac (40,000 SF)
    Zoning code RXD
    APN 1S1E04AD 08600
    UPID US71-0670765
    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
    • Subway Take-out & Catering
    • Social Media & Internet Marketing Marketing & Advertising
    • Taste of Old Poland Department Store
    • Cheerful Tortoise Resort
    • Fish-San Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $59.21M
    Blend (final) Blend
    $59.21M
    Owner & transaction history
    Vue Apartments Prop Owner LLC · 9 yrs held
    Vue Apartments Prop Owner LLC
    since 2016
    6 recorded transactions
    2016
    $64.0M
    2007
    2006
    $34.9M
    2004
    2002
    $22.0M
    1969
    Zoning & alternative use
    RXD · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $84.0M +28.8%
    Auto repair, garage $74.9M +14.8%
    Medical building $74.1M +13.6%
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    More about this property
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