786 NE Burnside Rd - Auto Dealership FOR SALE


Gresham, OR 97030- Downtown Gresham
$2,250,000 USD
503-502-6208
786 NE Burnside Rd, Gresham, OR for Sale
$2,250,000 USD
Auto Dealership - FOR SALE
1/25
null | 4.8% Cap Rate

786 NE Burnside Rd
Gresham, OR 97030
Downtown Gresham


HIGHLIGHTS

  • High Traffic Location
  • Newly Paved lot, 75 spaces

OVERVIEW

Highly visible, well-maintained property in a high traffic location for sale. SELLER WILLING TO CARRY UP TO 30% of the purchase price with attractive terms. Property is currently leased to Dayspring Trailers. Zoning allows for Auto or other vehicle sales (75 parking spaces for car lot), Tap Room and Food Cart Station with retro/industrial appeal (see Flyer), previously a mechanic/Quick Lube (2 Garage doors 10'X12'); DCL zoning. Buyer to verify. The main building has been well taken care of and has a newly painted and updated exterior, updated HVAC and the property has been recently repaved. It is fully fenced. There are 4 additional moveable and removeable outbuildings and the main building has a basement useful for cold storage if converted to a bar/food cart type space and attic storage in addition to a Garage space with 2 12 foot doors that supports a hoist. The current lease is a 5-year lease, 4.5 years remaining, 5% increase per year; NNN. Lessee may be willing to negotiate an earlier termination. Sale includes the main building, outbuildings, fencing, signage and land. Buyer to perform all due diligence. Buyer to participate in 1031 Exchange at no cost. Listing Agent (Melinda)related to Seller.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,162 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,400 SF

ZONING

DC1

APN/PARCEL ID

R135488,R135489,R135509,R135513

ASK ABOUT THIS PROPERTY

Melinda McCormick-SnellingKW CommercialMore Info
503-502-6208

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Melinda McCormick-SnellingKW CommercialMore Info
503-502-6208

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.