SE Portland Neighborhood Restaurant – Prime Location
Portland,, OR
Price: $50,000 Broker(s): David P. Marlin
Contact for Info
Contact for Info
$3,200/month
2,400
Description:
Inner SE Portland at one of the main streets – a great restaurant row, neighborhood favorite spot
Long history of successful Italian Dinner house service since 2000. We believe that this is a strong lunch service area and that this would be an additional opportunity. There is a wide range of restaurant concepts that could work well in this facility and location. Presently the facility has a Full-On-Premises OLCC license
Stylish facility. Open room that contains both bar & dining room. The kitchen package and design are complete with key line items newly replaced.
The dining room is very attractive and the bar is well equipped. The setting is warm and conducive to repeat clientele with the ability to seat 65+ plus sidewalk seating. The total square footage is approximately 2,400.
Additionally there is an open street block closed to traffic and dedicated to the neighborhood and dining/events. The lease rate to be $3,200mo. ($25/sq ft), including NNN costs.
Past annual revenues have been up to approx $1.1mm (dinner only).
A skilled owner-operator, devoting full hands-on attention to the business, with either this concept or their own, would be able to thrive here. There is capacity for higher volume including opening for breakfast/lunch service.
