2700 Alberta StPortland, OR 97211

For Sale
$1,495,000

Turnkey Restaurant, High NOI, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Turnkey restaurant space at 2700 NE Alberta Street, fully equipped with prep area, stainless steel appliances, walk-in refrigerator, hood system, range, refrigerated bar, and industrial dishwasher.
  • High-quality finishes throughout.
  • Year-round covered outdoor patio in a prime NE Portland location.
  • Significant upside potential including rooftop bar and event space expansion.

Property Details for 2700 Alberta St

Property type
Other retail properties, Restaurants
Square Feet
3,190 SF
Year Built/Renovated
1953/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5587922
Longitude
-122.6375183
2700 Alberta St, Portland, Oregon

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2700 Alberta St
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