515 SW 4TH AVE, Portland, OR 97204 | MLS #215424208 | Berkshire Hathaway HomeServices Northwest Real Estate
 
Listing provided courtesy of Realty First- MLS# 215424208MLS ProviderContact Information: 503-810-8949

515 SW 4TH AVEPortland, OR 97204

Commercial · 1,900 Sq. ft.
$50,000 Active

515 SW 4TH AVE Overview

Time on Site:
136 days
Visits:
7

Turnkey Authentic Sichuan Restaurant ' Prime Downtown Portland Location, An exceptional opportunity to acquire a beloved and well-established restaurant in the heart of Portland, located within a vibrant urban dining corridor benefiting from strong foot traffic generated by office workers, nearby residents, and year-round visitors.Sichuan Taste Restaurant is widely known for its authentic Sichuan cuisine, showcasing bold, spicy flavors and traditional recipes that have cultivated a loyal and repeat customer base through consistent quality, generous portions, and attentive service. The restaurant enjoys strong local recognition and a solid reputation for its signature Szechuan dishes, along with a diverse menu of classic entr??es, noodle and rice plates, and specialty beverages.The kitchen is anchored by a powerful 18-foot Type I commercial hood and exhaust system, ideal for heavy-duty cooking and high-volume operations. A five-wok cooking station makes this location especially suitable for other menus.All major equipment and furniture are included in the sale, making this a true plug-and-play opportunity for owner-operators or investors seeking a smooth transition. This well-designed layout, combined with extensive infrastructure, supports high productivity, flexibility, and scalability for future growth.This is a true turnkey operation, featuring a fully equipped commercial kitchen and complete set of fixtures and equipment, allowing a new owner to step in and continue operations immediately.With an OLCC liquor license in place, the business can unlock new revenue streams and increase overall profitability. Or Bring your own food menu.

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515 SW 4TH AVE Facts & Features

  • Type Commercial
  • Sq. ft. 1,900
  • Price/Sq.ft. $26

Details

General

Income/Expenses

  • Existing Lease Type: Month To Month
  • Gross Income: 918000.0
  • Operating Expense: 688376.0

Business Information

  • Current Use: Food Service,Restaurant

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills

Rent/Lease Information

  • Lease Amount: 6028.0

General Information

  • Inclusions: Business,Equipment,Sign
  • Listing Terms: Call Listing Agent,Cash,No Financing
  • Parcel Number: Not Found
  • Property Sub Type: Business Opportunity
  • Property Type: Commercial Sale
  • Zoning: COMM

Interior

Building Interior

  • Building Area Total: 1900.0

General Information

  • Cooling: Central Air
  • Heating: Forced Air
  • Other Equipment: Fixtures,Furniture

Exterior

Lot Information

  • Water Source: Public Water

General Information

  • Sewer: Public Sewer

515 SW 4TH AVE Neighborhood

Community

97204 (Portland) Demographics

40
Median Age
3,495
Population Density (per sq. mile)
18%
College Educated
$0
Estimated Median Income
42
Estimated Total Home Owners
470
Estimated Total Renters
8% / 92%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

515 SW 4TH AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

515 SW 4TH AVE Market Data

Based on the last 30 days in this zip code

$474,500
Average List Price
$286
Average Price per Square Foot
0
Properties Sold
74
Average Days on Market
2
Properties for Sale
Calculations provided by Reliance Network

515 SW 4TH AVE History

Date Event Value Agent
6/23/2026Source: Regional MLS Price Reduction
$50,000 -16.7%
6/11/2026Source: Regional MLS Price Reduction
$60,000 -40.0%
2/13/2026Source: Regional MLS Added to Database
February 13, 2026