555 NW 12Th Ave, Portland, OR 97209

This exceptional 10,000 square foot retail and restaurant property is located at 555 NW 12th Ave in Portland, Oregon's vibrant Pearl District. Situated on a 0.23-acre lot in Multnomah County (zip code 97209), this single-tenancy building presents a compelling investment opportunity for owner-users or developers. The property boasts a Central Employment (EX) zoning designation, offering significant flexibility. A 6:1 floor area ratio (FAR) is in place, with potential for a 9:1 FAR through bonuses. The current owner holds an open permit for a restaurant, bar, and event venue, streamlining the path to immediate operation or redevelopment. The location is highly desirable, benefiting from abundant street parking and a thriving neighborhood filled with award-winning restaurants, bars, high-density housing, and offices, all within a walkable urban setting. This prime location ensures high foot traffic and visibility, making it an ideal space for a variety of businesses. The property's size and zoning provide ample room for expansion or adaptation to suit a wide range of commercial ventures. This is a rare chance to acquire a significant asset in one of Portland's most sought-after neighborhoods. Lease rate and term details are available upon request.