REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by LUXE Forbes Global Properties
$ 1,199,995
Est. payment | /mo
3,215 SqFt
$ 1,199,995
Est. payment | /mo
3,215 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,215 sqft
Price per Sqft $373
MLS Listing ID 694087806
Year Built 1979
Annual Tax Amount $15,068
Tax Year 2025
Lot Size 0.460 Acres
Property Sub-Type Commercial
Property Description
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. 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.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
We're always here to help. Let's connect!
Matthew Tercek
Team Lead / Agent | License ID: 201210228 (OR) 23013170 (WA)
+1(503) 453-5815 | matthew@tercekre.com