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Property profile

3500 Hawthorne Blvd 3518 Portland, OR 97214

OFF-MARKET
Retail space
Property ID
US71-0707120
View Sample
7,081 SF 0.17 ac lot Built 1923
Entity Owned 8-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 3,140 square foot restaurant space is located on a prime corner lot at 3500 SE Hawthorne Blvd in Portland, Oregon, within Multnomah County (zip code 97214). The property is part of a larger retail building totaling 7,081 square feet, offering a strong presence on a busy thoroughfare. This is a second-generation restaurant space, meaning it's ready for immediate occupancy by a new tenant, having previously housed a restaurant operation. The space is ideal for a variety of culinary concepts, benefiting from existing restaurant infrastructure. The location provides excellent visibility and accessibility for customers, with high foot traffic and convenient access to public transportation. The property's corner location offers significant advantages in terms of signage and street presence. This is a rare opportunity to acquire a well-situated restaurant space in a vibrant and desirable Portland neighborhood. The property is classified as retail, with a restaurant subtype and multiple tenancy. The space is ready for immediate use, presenting a turnkey solution for a new restaurant venture. This is a fantastic opportunity to establish a thriving business in a high-demand area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1923
Total area 7,081 SF
Lot 0.17 ac (7,196 SF)
Zoning code CS
APN 1S1E01DB 12200
UPID US71-0707120

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.00M
Blend (final) Blend
$475k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
$3.0M
1998
Price N/A

Zoning & alternative use

CS · Portland, OR
Top alternative use upside
Restaurant $2.4M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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