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Investment Highlights

  • PLUG-AND-PLAY LEGACY RESTAURANT This distinguished venue offers a rare leasing or purchasing opportunity, featuring a floor plan designed to take in

Executive Summary

PLUG-AND-PLAY LEGACY RESTAURANT
This distinguished venue offers a rare leasing or purchasing opportunity, featuring a floor plan designed to take in all of Portland’s waterfront. All necessary hook-ups are awaiting a new tenant/owner’s new vision to bring this iconic location to life.
ICONIC LOCATION
Riverplace Marina offers public access to the city's most prominent boating hub along the Willamette River featuring over 100 slips. The marina is not only a great spot for boat moorage but also serves as a hub for local events like the Dragon Boat Festival, 4 th of July Blues Fest, Christmas Boat Show, and has easy access to the South Waterfront Esplanade and future potential home of the PDX Diamond Project.
CONSISTENT FOOT TRAFFIC
The Portland Farmers Market at Portland State University draws locals every Saturday with its selection of fresh produce, artisanal goods, and prepared foods. It serves as a community hub, bringing together farmers, vendors, and residents to enjoy live music and seasonal offerings throughout the year.

Property Facts In Escrow

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,350 SF
Building Class
B
Year Built/Renovated
1979/2014
Price
$3,761,175 CAD
Price Per SF
$450.44 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
3.04 AC
Opportunity Zone
Yes
Zoning
C1Z, Portland
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100

Nearby Major Retailers

Chase Bank
U.s. Bank
Banner Bank
Starbucks
Safeway
Veggie Grill
Morton's
The Melting Pot
Ruth's Chris Steak House
24 Hour Fitness

Property Taxes

Property Taxes

Parcel Number
R256679
Land Assessment
$0 CAD
Improvements Assessment
$2,118,253 CAD
Total Assessment
$2,118,253 CAD
  • Listing ID: 37147139

  • Date on Market: 2025-08-06

  • Last Updated:

  • Address: 309 S Montgomery St, Portland, OR 97201

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