2816 NE Halsey St - Storefront Retail/Residential FOR SALE


Portland, OR 97232- Sullivan's Gulch
$1,240,000 USD
971-351-3493
2816 NE Halsey St, Portland, OR for Sale
$1,240,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | 7% Cap Rate

2816 NE Halsey St
Portland, OR 97232
Sullivan's Gulch


HIGHLIGHTS

  • Turnkey investment with two ground-level 3-year NNN retail leases and added rental income from a second-floor two-bedroom, one-bathroom apartment.
  • Renovated in 2014 with two state-of-the-art commercial production kitchen storefronts that are meticulously maintained by a reputable local owner.
  • Serving an affluent population of over 29,000 people within 1 mile with an average household income of over $146,000.
  • Tenants can take advantage of privately fenced backyard and covered parking in a high-demand corridor of Northeast Portland with excellent foot.

OVERVIEW

North Rim is proud to present this turnkey mixed-use property, a rare and compelling investment opportunity at 2816–2820 Northeast Halsey Street. Offering immediate, diversified income from both commercial and residential tenants that fully occupy the building. Fully renovated in 2014 and meticulously maintained by a reputable local owner, the building is in excellent condition, including the two professionally equipped commercial kitchens. The ground floor features production kitchen spaces leased to established businesses on market-rate, three-year NNN leases delivering immediate, reliable, and long-term cash flow. Catscratch Vegan Bakery occupies 1,200 square feet of ground-level space, while Capriotti’s occupies the other 970 square feet of first-floor space. Covered parking and loading, plus a small outdoor area, are other amenities of the lower spaces. Above, a leased two-bedroom, one-bathroom residential apartment adds income stability and balance, making this property attractive to both commercial and residential investors. Suite 2186 features an 8-foot by 6-foot walk-in cooler, an 8-foot exhaust hood, two convection ovens, and additional dry storage space. Suite 2818 features a walk-in cooler, deep fryer, and two Atosa freezer units. Additionally, the property includes ADA-compliant restrooms, covered parking, and a spacious private backyard. The building is strategically located just blocks away from NE Broadway and 33rd Avenue. It is also 0.5 miles from Interstate 84 and 2 miles from Highway 205. Ideally located in the sought-after Northeast Broadway Irvington neighborhood, just steps from Fred Meyer, this high-visibility property is situated in a vibrant, high-demand corridor of Northeast Portland, offering excellent foot traffic and surrounding amenities.

FOR SALE DETAILS

PRICE

$1,240,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

CROSS STREETS

ne 28th ave

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CM2d(MU-U)

APN/PARCEL ID

R313810

ASK ABOUT THIS PROPERTY

Matthew SchweitzerNorth RimMore Info
971-351-3493

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Matthew SchweitzerNorth RimMore Info
971-351-3493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.