Exceptional investment and redevelopment opportunity in Portland's Parkrose Heights neighborhood. This 3,124 SF single-tenant, Class B freestanding retail building, formerly home to the well-known Kings Omelets Restaurant, is a turnkey second-generation restaurant space with existing equipment and infrastructure in place, ideal for an owner-operator looking to hit the ground running.… Read More Built in 1967 and situated on a 0.46-acre lot, the property is positioned at the intersection of NE Halsey St and NE 106th Ave, benefiting from dual street access, excellent visibility, and prominent signage on both corridors. With 16 parking spaces, the site is well-equipped to serve high-volume retail or restaurant traffic. Its outstanding regional connectivity includes immediate proximity to I-205 and I-84, easy access to the Gateway Transit Center, and is just minutes from Kaiser Permanente Gateway Medical Office, providing a built-in customer base. Zoned CM2, the property unlocks significant redevelopment potential, permitting a wide range of commercial uses as well as medium-density residential development. With Portland's retail sector outperforming expectations in 2026 and Parkrose Heights emerging as one of northeast Portland's next growth corridors, this is an ideal site for investors and developers looking to get ahead of the curve. Walk Score 78 Bike Score 76 Transit Score 63. Read Less
Listing courtesy of LUXE Forbes Global Properties.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial
Square Ft.
3,215
Lot Size
0.46 Acres
Year Built
1979
MLS Number
694087806
30 Days Snapshot Of 97220
$445k
+1%
(avg) sold price
26
-36%
homes sold
29
-34%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 3215, Built in 1979, Commercial Features: GroundLevel, OneLevel, Sign, Current Use: Restaurant, Stories: 1
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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