112 2Nd AvePortland, OR 97204

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.