Commercial Realty Advisors Northwest LLC

Retail Brokerage & Tenant Representation503.274.0211

116-120 NE Russell Street

116-120 NE Russell Street

Secret Society Building
Status:For Sale For Lease
Location: Portland, OR
Listed By:Sara Daley

Available:

  • Sale Price: $2,100,000
  • Lease Terms: $22.00/SF/YR, NNN

Building: 7,319 SF | Land: 7,600 SF

  • Built in 1907, this stunning 7,319* SF building on a 7,600 SF lot in the heart of N/NE Portland is chock full of history. Anchored on the ground floor by John Gorham’s renowned restaurant Toro Bravo, the building also houses the building owner’s Secret Society Ballroom, Lounge and Recording Studio. This lovingly restored property offers the potential for a diverse mix of uses including a beautiful 210-occupant event venue, upside potential for the ballroom and lounge tenancy, or, alternatively, an owner-user opportunity with the support of a strong revenue stream from Toro Bravo’s long term tenancy.
  • Property Type: Mixed-use building with long-term restaurant lease, and event venue
  • Zoning: CM2
  • Year Built: 1907, fully renovated 2004-2007
  • Walk Score = 86 | Bike Score = 98