2700 NE Alberta St, Portland, OR 97211

This exceptional Portland restaurant presents a unique owner-user opportunity. Located at 2700 NE Alberta Street, this 3,190 square foot property boasts a strong 8.03% cap rate and a substantial $120,000 net operating income (NOI) with 100% occupancy. Built in 1953 and extensively renovated in 2017, the single-story building sits on a 0.15-acre lot and is zoned CM2-Commercial Mixed Use, offering significant potential for expansion. The asking price is $1,495,000 ($468.65/sq ft). The interior features high-quality craftsmanship and finishes, including a spacious prep area, stainless steel appliances, a large walk-in refrigerator, a hood system, a full range, a refrigerated full bar, and an industrial dishwashing unit. A year-round covered outdoor space adds to the property's appeal. Further development potential exists with opportunities for a rooftop bar and event space, along with maximizing the use of the south-side outdoor area. This turnkey operation is situated in a prime location on one of Northeast Portland's trendiest streets, ensuring a thriving business environment. The property is ready for immediate operation, offering a seamless transition for a new owner.