116-120 NE Russell St
Portland, OR 97212
Secret Society Building · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Gorgeous Historic Wood-frame building in close-in Northeast Portland
- Hybrid Owner-User/Investment Property
- Rock-solid restaurant tenant for reliable revenue stream
- Lovingly maintained, with value-add potential remaining
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,168 SF
Building Class
C
Year Built/Renovated
1907/2007
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.17 AC
Zoning
CM2
Parking
1 Space
Frontage
80 FT on NE Russell
AMENITIES
- Bus Line
- Signage
ABOUT 116-120 NE RUSSELL ST , PORTLAND, OR 97212
Built in 1907, this stunning 7,319* SF building on a 7,600 SF lot in the heart of N/NE Portland is chock full of history. Anchored on the ground floor by John & Renée Gorham’s renowned restaurant Toro Bravo, the building also houses Studio Datura, a belly dancing studio and event space. This lovingly restored property offers a diverse mix of uses including a nationally renowned restaurant and beautiful 210-occupant event venue, along with a 2,170 SF fully outfitted recording studio or creative office which can be owner-occupied or leased to fortify revenue. Built in 1907, fully renovated 2004-2007. Small off-street parking and loading area. Zoned CM2 | Wood frame | Composite shingle
PROPERTY TAXES
| Parcel Number | R102199 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $742,460 |
