Listing provided courtesy of Premiere Property Group, LLC- MLS# 719499867MLS Provider

1925 21ST AVEForest Grove, OR 97116

Commercial · 9,881 Sq. ft. | 0.51 Acres
$2,200,000 Active

1925 21ST AVE Overview

Time on Site:
74 days
Visits:
20

Exceptional opportunity to acquire a nearly 10,000 sq ft commercial building in the heart of downtown Forest Grove. This fully leased asset operates at 100% occupancy with four established tenants, delivering immediate, stabilized income.The sale includes the well-known, high-traffic restaurant and nightclub, Bullets, Burgers & Brews, along with associated business assets'offering a rare turnkey opportunity combining both real estate and operating business ownership.Strategically positioned in a strong downtown corridor, the property benefits from consistent foot traffic, excellent visibility, and a vibrant mix of surrounding businesses that support long-term tenant demand. The building is located along the annual Christmas parade route and sees increased seasonal activity from the popular Wednesday Farmers Market, further enhancing exposure and customer draw.On-site parking includes approximately 15 private spaces, complemented by ample street parking'an added advantage in a downtown setting.With full occupancy, diversified income streams, and potential for future rent growth, this asset offers a compelling blend of stable cash flow and upside potential.Detailed financials and lease information available upon execution of a signed NDA.

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1925 21ST AVE Facts & Features

  • Type Commercial
  • Sq. ft. 9,881
  • Price/Sq.ft. $223
  • Lot 0.51 Acres

Details

General

Income/Expenses

  • Gross Income: 1.0
  • Operating Expense: 1.0

Building Information

  • Year Built: 1980

Business Information

  • Current Use: Bar,Restaurant,Retail

Location/Region

  • Country: US
  • County Or Parish: Washington
  • MLS Area Major: 152 - Hillsboro, Forest Grove

Tax Information

  • Tax Annual Amount: 11224.57
  • Tax Year: 2025

General Information

  • Inclusions: Building,Business,Equipment
  • Listing Terms: Call Listing Agent
  • Parcel Number: R746599
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: TCC

Interior

Building Interior

  • Building Area Total: 9881.0

General Information

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

Exterior

Parking Information

  • Parking Features: Off Street

Lot Information

  • Lot Size Acres: 0.51
  • Lot Size Square Feet: 22215.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Concrete,Wood Frame
  • Roof: Flat

General Information

  • Sewer: Public Sewer

1925 21ST AVE Neighborhood

Community

97116 (FOREST GROVE) Demographics

36
Median Age
378
Population Density (per sq. mile)
37%
College Educated
$71,397
Estimated Median Income
6,097
Estimated Total Home Owners
3,437
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
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.

1925 21ST 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.

1925 21ST AVE Market Data

Based on the last 30 days in this zip code

$603,435
Average List Price
$273
Average Price per Square Foot
33
Properties Sold
89
Average Days on Market
147
Properties for Sale
Calculations provided by Reliance Network

1925 21ST AVE History

Date Event Value Agent
4/16/2026Source: Regional MLS Added to Database
April 16, 2026