2816 NE Halsey St 3,020 SF 100% Leased Retail Building Portland, OR 97232 $1,240,000 ($410.60/SF) 7.53% Cap Rate

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. 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.