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IRVINGTON MULTI-USE INCOME INVESTMENT 2816 NE Halsey St 3,020 SF 100% Leased Retail Building Portland, OR 97232 $1,240,000 ($410.60/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated in 2014 with 2 Commercial/Production Kitchen Storefronts
- Fenced Yard + Covered Parking
- 3-Year NNN Retail Leases + Apartment Income
- Locally Owned, Managed, and Maintained
EXECUTIVE SUMMARY
North Rim is proud to present this turnkey mixed-use property — a rare and compelling investment opportunity offering strong, diversified income from both commercial and residential tenants. 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, 3-year NNN (triple net) leases—delivering reliable, long-term cash flow. Above, a leased residential apartment adds income stability and balance, making this property attractive to both commercial and residential investors. Additional highlights include ADA-compliant restrooms, covered parking, and a private backyard. Ideally located in the sought-after NE Broadway / Irvington
neighborhood—just steps from Fred Meyer—this high-visibility property sits in a vibrant, high-demand corridor of NE Portland with excellent foot traffic and surrounding amenities.
neighborhood—just steps from Fred Meyer—this high-visibility property sits in a vibrant, high-demand corridor of NE Portland with excellent foot traffic and surrounding amenities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,020 SF
Building Class
C
Year Built/Renovated
1956/2014
Price
$1,240,000
Price Per SF
$410.60
Cap Rate
7%
NOI
$86,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.12 AC
Zoning
CM2d(MU-U) - Commercial mixed-use, intended for sites in a variety of centers, along corridors, and in other mixed use areas that are well served by transit.
Parking
2 Spaces (0.66 Spaces per 1,000 SF Leased)
Frontage
50’ on Halsey St
AMENITIES
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Restaurant
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Capriotti's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Catscratch Vegan Bakery LLC
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Residential Tenant
- -
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Capriotti's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
| Catscratch Vegan Bakery LLC | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Residential Tenant | - | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R313810 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $223,720 |
PROPERTY TAXES
Parcel Number
R313810
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$223,720
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IRVINGTON MULTI-USE INCOME INVESTMENT | 2816 NE Halsey St
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