For Sale
$885,000

4140 River Rd Keizer, OR 97303

Cash-flowing retail property, high traffic location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 1,991 square foot, single-tenant retail property located at 4140 River Rd N, Keizer, OR 97303. The property, situated on a 0.49-acre lot, houses Sweet Home Thai Cuisine, a long-standing restaurant operating under a month-to-month triple net (NNN) lease. The building, constructed in 1977 and renovated in 1991, features three stories, including a full, unfinished basement. The property boasts 20 parking spaces and benefits from a high-traffic location on a main road with an average daily traffic count of 28,000 vehicles. The mixed-use (MU) zoning allows for flexibility in future development. The current NOI is $44,968, resulting in a 5.08% cap rate, with an asking price of $885,000. The property includes perimeter Douglas Fir trees, which the City of Keizer will allow removal, potentially generating additional revenue from timber harvesting. Note that a cell tower easement, recently sold separately, has a 35-year sunset clause, after which the property owner will receive monthly rent from Verizon Wireless. Seller-carried financing options are available. Please do not disturb the tenant.

Highlights

  • High-traffic location.
  • Mixed-use zoning allows for diverse tenant options.
  • Flexible lease terms available to accommodate various tenant needs.

Property Details for 4140 River Rd

Property type
Retail properties, Restaurants
Square Feet
1,991 SF
Class
C
Year Built
1977
Buildings
1
Stories
3
Lot Size (sq. ft)
21,344 SF
Units
1

Location Insight

City
Keizer
County
Marion
State
Oregon
Latitude
44.985331570309
Longitude
-123.02652329652

FAQs

What type of property is this?
Retail property - Cash-flowing retail property, high traffic location.
Where is the retail property located?
The property is located at 4140 River Rd Keizer, OR.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: High-traffic location.; Mixed-use zoning allows for diverse tenant options.; Flexible lease terms available to accommodate various tenant needs.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4140 River Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message