1621-1637 SE Hawthorne Blvd - Storefront FOR SALE


Portland, OR 97214- Buckman
$2,600,000 USD
503-616-8962
1621-1637 SE Hawthorne Blvd, Portland, OR for Sale
$2,600,000 USD
Storefront - FOR SALE
1/13
null | 7.58% Cap Rate

Jun '25


1621-1637 SE Hawthorne Blvd
Portland, OR 97214
Buckman


HIGHLIGHTS

  • Seller Financing Available - 30% Down | 5% Interest | 30 Year Am | 5 Year Term
  • Hyper Dynamic Location at the Corner of SE 17th Ave & SE Hawthorne Blvd
  • Well Maintained Building with Short Term Leases and Below Market Rents
  • Barley Mill Pub is the First McMenamins Location Ever | Tenant Since 1983
  • 7,100 SF Retail / Warehouse Space w/ 14 Ft Clear Height and Sprinklers
  • Average Household Income is $123,000+ within a 3 Mile Radius

OVERVIEW

Nathan Drake with Marcus & Millichap has been selected to exclusively market for sale the property located at 1621-1637 SE Hawthorne Blvd in Southeast Portland, Oregon. The building consists of 9,770 square feet of leasable area and is currently 100% leased to (2) tenants. The Barley Mill Pub is a bar and restaurant, and it is the first McMenamins location opened. They have been a tenant in the building since 1983. PJs Sleep Shop is a locally owned mattress retailer, and they have been a tenant in the building since 1979. Both tenants are on short term leases and paying well below the current market rental rates on Hawthorne. The roof was replaced in 2014 and the building has been well maintained by the current owners. Seller Financing is available for qualified Buyers with the following terms: 30% Down | 5% Interest | 30 Year Am | 5 Year Term. Please contact Nathan Drake to schedule any property tours. Please do not disturb the tenants. Nathan Drake (503) 616-8962 nathan.drake@marcusmillichap.com

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Barely Mill Building on Hawthorne

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CM2

APN/PARCEL ID

R196928

ASK ABOUT THIS PROPERTY

Nathan DrakeMarcus & MillichapMore Info
503-616-8962

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Nathan DrakeMarcus & MillichapMore Info
503-616-8962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.