Shawn Realty 503-515-44994,800 sq ft
2823 SW 1ST AVE, Portland, OR 97201
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- Building Area
- 4,800 sq ft
- Price/Sq Ft
- $260/sq ft
- Year Built
- 1910
- County
- Multnomah
- Annual Tax
- $5,178 (2025)
- Days on Market
- 114 days
- Open House
- None scheduled
Description
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!
Facts & Features
| Property Type | Commercial Sale |
|---|---|
| Sub-Type | Commercial |
| Building Area (sq ft) | 4800 |
| Lot Size (acres) | 0.09 |
| Lot Size (sq ft) | 3920 |
| Year Built | 1910 |
| County | Multnomah |
| Heating | Mini Split |
| Cooling | Mini Split |
| Roof | Composition |
| View | No |
| Parking | On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $5,178 |
| Tax Year | 2025 |
| Original List Price | $1,250,000 |
| RMLS # | 733440364 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Grace Kim • Keller Williams Realty Portland Premiere
Contact: 503-799-1835
Listing updated: Nov 14, 2026 at 12:12am
Source: RMLS #733440364 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/14/2026 08:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty