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About the Listing LUXE01 - CORTESEV
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.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Commercial Sale
MLS ®
694087806
Year Built
1979
Total Square Footage
3,215
Lot/Acreage
0.46
County
Multnomah
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 16
- Zoning: CM2
- Roof:
- Others: Existing
- Sewer: Public Sewer
- Parking Features: On Site,Paved
Financial Details
- Tax Amount: $15,068
- Taxes w/Assessments: N/A
- Tax/Property ID: R318978
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
10711 NE Halsey St Portland, OR 97220
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