$1,250,000

2823 SW 1ST AVE, Portland OR, 97201

Price per sqft$260.42

Built in1910

Property size4,800 sqft

Property typeCommercial

Listing Courtesy of Keller Williams Realty Portland Premiere, Grace Kim. 503-799-1835

Overview

Active

Listed Jul 23, 2026

Updated 4h ago

Rare live/work commercial opportunity in historic Lair Hill! This 4,900 SF building across 3 functional levels sits on a 3,975 SF lot with flexible CM1 (Commercial Mixed Use) zoning—perfect for retail, office, or residential combinations. The ground floor features a turnkey 1,600 SF 2nd-generation restaurant. Formerly operated as Lair Hill Bistro, currently leased month-to-month for immediate holding income or a seamless transition for an owner-operator. Upper levels feature a spacious 5 BR / 1 BA apartment, ideal for living above your business or generating additional rental income. Unbeatable versatility and location!

Additional information

MLS^® ID: 733440364

Interior Features

Bedrooms: 0
Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.09 Acres

Other Property Details

Taxes: $5,178
Tax Frequency: Annually

Listing Courtesy of Keller Williams Realty Portland Premiere, Grace Kim. 503-799-1835

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This content last updated on 10/8/2026, 7:27 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available