Skip to main content

Vacant-User

Bar Restaurant Venue Opportunity

7421-7427 N Denver Ave, Portland, OR 97217

Listing Price: $887,000

Cap Rate
7.34%
Gross SF
4,057
Rentable SF
4,057
Price/Gross SF
$218.63
Lot Size
0.20 acres
Year Built
1916

Investment Overview

The former Farmer's Barn Tavern just off North Lombard Street at 7421-7427 North Denver Avenue presents an opportunity for an investor to take advantage of a highly visible building ready to be cosmetically updated and put to use as a restaurant, bar, music venue or retail building. This once beloved local landmark is well located close to Downtown Portland in North Portland near the University of Portland in the walkable Kenton Neighborhood. The site has development potential with mixed use CM2 zoning, which allows for multifamily, retail, office and light industrial. Development of a four to five story building is possible with a 45' maximum height increasing to 55' with bonus provisions and 2.5:1 FAR increasing to 4:1 with bonus provisions.

Investment Highlights

  • 4057 SF Building located in the Desirable Kenton Neighborhood
  • Bar, Restaurant, Venue, or Retail Space on the Busy Intersection of North Lombard Street and North Denver Avenue
  • Mixed Use Zoning (CM2) Allows for Apartments, Retail, Office and More

Exclusively Listed By

Financing By

Vacant-User

Bar Restaurant Venue Opportunity

Listing Price: $887,000

Cap Rate
7.34%
Gross SF
4,057
Rentable SF
4,057
Price/Gross SF
$218.63
Lot Size
0.20 acres
Year Built
1916

Investment Highlights

  • 4057 SF Building located in the Desirable Kenton Neighborhood
  • Bar, Restaurant, Venue, or Retail Space on the Busy Intersection of North Lombard Street and North Denver Avenue
  • Mixed Use Zoning (CM2) Allows for Apartments, Retail, Office and More

Investment Overview

The former Farmer's Barn Tavern just off North Lombard Street at 7421-7427 North Denver Avenue presents an opportunity for an investor to take advantage of a highly visible building ready to be cosmetically updated and put to use as a restaurant, bar, music venue or retail building. This once beloved local landmark is well located close to Downtown Portland in North Portland near the University of Portland in the walkable Kenton Neighborhood. The site has development potential with mixed use CM2 zoning, which allows for multifamily, retail, office and light industrial. Development of a four to five story building is possible with a 45' maximum height increasing to 55' with bonus provisions and 2.5:1 FAR increasing to 4:1 with bonus provisions.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower