112 2Nd AvePortland, OR 97204

For Sale
$2,500,000

Turnkey Restaurant & Bar, CBD Location

Overview

Added:
Dec 11, 2024
Days on market:
94
This iconic Portland establishment, housed in a beautifully maintained three-story, 12,313 square foot building at 112 SW 2nd Ave, presents a unique investment opportunity. Built in 1889, this Class B property boasts two commercial kitchens, two bars, and abundant space ideal for a restaurant, bar, and/or event venue. The building features elevator service and seismic upgrades, reflecting a commitment to modern functionality within its historic structure. Located in both an Opportunity Zone and Enterprise Zone, this single-tenancy property offers significant potential. The permitted CX zoning allows for diverse uses. The 0.11-acre lot provides ample space for outdoor seating or expansion. The asking price is $2,500,000, translating to $219.28 per square foot. This turnkey operation is one of the few Portland buildings permitting indoor smoking in a designated cigar bar, adding a unique selling point. The building's rich history and prime location in the Central Business District (CBD) make it an exceptional investment for an owner/user seeking a thriving hospitality business.

Highlights

  • $2,500,000 asking price for a 12,313 SF turnkey restaurant/bar/event venue.
  • Located in Portland, OR's Central Business District (CBD), within an Opportunity Zone and Enterprise Zone.
  • Three-story, elevator-served building with seismic upgrades.
  • Features two commercial kitchens, two bars, and ample bar and venue space.
  • Historic building, beautifully maintained, situated on a 0.11-acre lot at 112 SW 2nd Ave, Portland, OR 97204.

Property Details for 112 2Nd Ave

Property type
Other retail properties, Restaurants
Square Feet
12,313 SF
Class
B
Year Built
1889
Stories
3
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5216748
Longitude
-122.6723115
112 2Nd Ave, Portland, Oregon

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112 2Nd Ave
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