1632 NE Thurman St 5,000 SF Flex Building Portland, OR 97209 $2,000,000 ($400/SF)

1632 NW Thurman Street offers a 5,000 SF freestanding building in Portland's Pearl District, improved with a fully built-out restaurant and commercial kitchen. 1,650 SF of front-of-house space and 3,350 SF of kitchen/production space, with polished concrete floors, high ceilings, a Type 1 hood system, grease trap, walk-in cooler/freezer, and three roll-up garage doors.
Zoned IG1 (General Industrial), the building also supports light industrial, production, or creative/flex uses. The site offers direct street frontage and quick access to the Fremont Bridge/I-405 interchange. It sits in a dense, walkable pocket of the Pearl District near multifamily housing, established restaurants, and daily retail. With renovated infrastructure already in place, a buyer or tenant avoids significant TI costs and can move a new concept forward quickly.
The property sits at the northern edge of the Pearl District with direct street frontage and easy access to the Fremont Bridge/I-405 interchange, surrounded by dense residential blocks that fuel steady foot traffic to neighbors like AFURI Ramen, New Seasons Market, and Trader Joe's. With strong walkability and transit scores plus an existing commercial kitchen buildout, it's a turnkey opportunity for a food or beverage concept in a neighborhood that already supports a thriving restaurant scene.