Eastport Food Carts

7307

Property ID

23,000 SqFt

Size

Description

Property Summary
Building Purchase Price $3,600,000
Total Lot SF 23,000 SF
Total Lot Acres .52 acres
Number of Parcels 2
Zoning Commercial Employment
Market Southeast Portland
Neighborhood Foster – Powell Neighborhood

VERY SUCCESSFUL FOOD CART

RENTAL BUSINESS AND PROPERTY

OVER $400,000 IN RENTAL INCOME

DESIGNED FOR 26 FOOD CARTS

INTERIOR FOOD HALL

DIRECTLY ACROSS FROM EASTPORT PLAZA

CE ZONING – COMMERCIAL EMPLOYMENT

MULTIPLE ACCESS POINTS TO PROPERTY

HIGH EXPOSURE FROM SE 82ND AVE

CLEAN ENVIRONMENT

CONTACT ME FOR NON-DISCLOSURE AGREEMENT

PLEASE DO NOT DISTURB TENANTS

                                                                  7A SBA Loan        Buyers Down Payment         Total Projected Cost
Purchase Price                                         $3,600,000                                $340,000                          $3,399,999
Appraisal                                                                      —                                    $5,000                                  $5,000
Environmental                                                            —                                    $1,800                                  $1,800
SBA Guaranty Fee (7A)                                  $89,700                                             —                                 $89,700
Business Acquisition-Asset purchase        $127,500                                  $22,500                             $150,000
Total Project                                               $3,277,199                               $369,300                          $3,646,499
                                                                                                 90.00%                               10.00%                         100.00%

Proposed Building Purchase:   $3,399,999

Proposed Business Purchase:   $150,000

Mortgage Term would be 25 years fixed at 4.2%. Monthly payment would be $17,662 a month.

The above information was based on a quote from Wells Fargo Bank, NA Jessica Beck, VP Wells Fargo SBA Lending

QUICK FACTS

Location: This zone is generally applied along major traffic streets such as SE 82nd.

45 feet: Maximum height, which is generally 4 stories

2.5:1 FAR: Increasing to 4:1 with bonus provisions.

Parking: Generally not required for non-residential uses, or for residential        development that contains fewer than 30 dwelling units when          development is located near transit. Parking is generally required for larger residential / mixed-use developments and in locations farther from transit.

2022 DEMOGRAPHICS ANALYSIS 1 Miles 2 Miles 3 Miles
Total Population 26,510 210,012 478,176
Total Number of Households 9,656 82,243 193,883
Total Number of Persons per Household 2.57 2.5 2.42
Average House Value $403,000 $425,331 $453,722
Average Household Income $65,732 $80,187 $86,630
Median Age 37.8 37.3 37.7
Population by Sex – Male 12,048 103,522 235,559
Population by Sex – Female 12,335 106,489 242,617

2022 ADT Traffic Counts:

SE 82nd AVE & PROPERTY LOCATION – 29,715

SE POWELL BLVD & SE 82nd AVE – 26,525

SE FRANCIS ST & SE 82nd AVE – 3,869

900 BUSINESSES WITHIN 1 MILE

6,588 TOTAL EMPLOYEES WITHIN 1 MILE

 

Address

Address: 3905 SE 82nd Ave, Portland, OR 97266, USA
  • Province / State: Oregon
  • City / Town: Portland
  • Postal code / ZIP: 97266
Get Directions - Open on Google Maps
  • Property ID 7307
  • Price $3,600,000
  • Property Type Restaurant
  • Property status For Sale
  • Year Built 2019
  • Size 23,000 SqFt
  • Land area 0.00.53 Acres
  • Number of Units 26

Map View

Contact

James Gillespie

Property Seller
jimgillespie@kw.com
Other Properties