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    FOR LEASE
    Turn key restaurants

    9848 N Whitaker Rd, Portland, OR 97217

    6,808 SF 1.2 ac lot Built 1982
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-0707456
    Property summary
    AI-generated overview

    This exceptional 6,758-square-foot freestanding restaurant building presents a unique opportunity in Portland, Oregon. Ideally situated at 9848 N Whitaker Rd, 97217, this second-generation restaurant boasts excellent visibility and convenient access just off Interstate 5. The property sits on a 1.2-acre lot and offers approximately 70 off-street parking spaces, ensuring ample accommodation for patrons. The entire building is currently vacant, providing a blank canvas for a new culinary venture. The space is perfect for a variety of restaurant concepts, benefiting from its proximity to major retailers and high traffic volume. The property's strategic location and substantial parking make it an attractive option for businesses seeking high visibility and easy accessibility. A ground lease option is also available upon inquiry. Contact us to discuss lease rates and explore the potential of this prime Portland restaurant location. The property is a single-tenant building, offering complete control and flexibility to the lessee. This is a rare opportunity to establish a thriving restaurant business in a high-demand area. Don't miss out on this chance to secure a well-positioned and spacious restaurant space in a thriving Portland neighborhood.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1982
    Total area 6,808 SF
    Lot 1.2 ac (52,272 SF)
    Zoning code CGH
    APN 1N1E03CC 00600
    UPID US71-0707456
    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
    • Elmer's Restaurant (Delta Park, Portland, OR) Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.36M
    Blend (final) Blend
    $3.37M
    Owner & transaction history
    Hayden Meadows Anderson LLC · 8 yrs held
    Hayden Meadows Anderson LLC
    since 2018
    6 recorded transactions
    2018
    2016
    2011
    2010
    2008
    2002
    Zoning & alternative use
    CGH · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.8M +18.9%
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    More about this property
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