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Gemini Bar and Grill 456 N State St 7,500 SF Retail Building Lake Oswego, OR 97034 $4,094,039 CAD ($545.87 CAD/SF) 8.11% Cap Rate
Executive Summary
The Gemini occupies 100% of the building, which includes ground-floor retail space built out for bar and restaurant use, with a residential component featuring a two-bedroom apartment as well as a separate one-bedroom studio and a separate office.
Prime location near the heart of Downtown Lake Oswego, within walking distance of the area’s lively, pedestrian-friendly core. The property is surrounded by a strong mix of complementary tenants and attractions, including Millennium Plaza Park, Lake Theater & Café, and a variety of wellknown local restaurants, boutiques, and services, reinforcing consistent foot traffic and long-term demand.
Affluent surrounding demographics with strong consumer spending power, supported by approximately 36,317 households within a 3-mile radius and 110,843 households within 5 miles, generating an estimated $4.2 billion in consumer spending within 5 miles—underscoring the property’s exceptional location.
Prime location near the heart of Downtown Lake Oswego, within walking distance of the area’s lively, pedestrian-friendly core. The property is surrounded by a strong mix of complementary tenants and attractions, including Millennium Plaza Park, Lake Theater & Café, and a variety of wellknown local restaurants, boutiques, and services, reinforcing consistent foot traffic and long-term demand.
Affluent surrounding demographics with strong consumer spending power, supported by approximately 36,317 households within a 3-mile radius and 110,843 households within 5 miles, generating an estimated $4.2 billion in consumer spending within 5 miles—underscoring the property’s exceptional location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bar
Building Size
7,500 SF
Building Class
C
Year Built
1927
Price
$4,094,039 CAD
Price Per SF
$545.87 CAD
Cap Rate
8.11%
NOI
$332,027 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.14 AC
Zoning
CM4L, Lake Oswego
Parking
19 Spaces (2.53 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00198477 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,123,982 CAD |
Property Taxes
Parcel Number
00198477
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,123,982 CAD
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Gemini Bar and Grill | 456 N State St
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