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7827 SW 35th Ave 2,080 SF Retail Building Portland, OR 97219 $750,000 ($360.58/SF) 6.56% Cap Rate
Investment Highlights
- 100% leased to The Ship Tavern, a long-standing neighborhood operator
- Walkable village location with strong surrounding residential density
- True NNN lease recently signed through 2029 with multiple options to extend
- Proximity to SW Capitol Hwy and downtown Portland
Executive Summary
This 100% leased investment property, occupied by The Ship Tavern, a long-standing neighborhood operator, offers stable income in the heart of Multnomah Village, one of Southwest Portland’s most desirable and supply-constrained submarkets.
The property benefits from a highly walkable, neighborhood-focused retail location with strong surrounding residential demographics. Its central Multnomah Village location and convenient access to SW Capitol Highway and downtown Portland ensure consistent tenant demand and support long-term value.
The property benefits from a highly walkable, neighborhood-focused retail location with strong surrounding residential demographics. Its central Multnomah Village location and convenient access to SW Capitol Highway and downtown Portland ensure consistent tenant demand and support long-term value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
2,080 SF
Building Class
C
Year Built
1928
Price
$750,000
Price Per SF
$360.58
Cap Rate
6.56%
NOI
$49,200
Tenancy
Single
Building Height
1 Story
Building FAR
1.02
Lot Size
0.05 AC
Zoning
C3
Frontage
71’ on 35th Ave
Amenities
- Signage
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | R183356 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $138,370 |
Property Taxes
Parcel Number
R183356
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$138,370
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7827 SW 35th Ave
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