1633 Cesar E Chavez BlvdPortland, OR 97232

Property Details for 1633 Cesar E Chavez Blvd

Year built

1967

Lot size

0.19 AC

Property size (Sq ft)

1,350 SF

Zone code

CS

Property type

Turn key restaurants

APN

1N1E25DD 13000

APU

1N1E25DD13000

Description

This exceptional 1,350 square foot Class A storefront, located at 1633 NE Cesar E Chavez Blvd in Portland, Oregon, presents a unique investment opportunity. Built in 1967 and renovated in 2001, this single-story building boasts 13 parking spaces, a significant advantage in this high-traffic area. The property features extensive storefront windows providing exceptional visibility to the high volume of traffic (approximately 48,000 vehicles per day) from three street frontages and two signalized intersections. Convenient access from I-84 via both eastbound and westbound exits 2 adds to its appeal. The interior includes three floor sinks, two bathrooms, and a well-equipped back-of-house area with a three-compartment sink, floor mop sink, hand sink, and a 2023 water heater. Electrical service is robust, featuring five 240V 30A & 50A outlets, numerous 120V outlets, and ample retail lighting. Recent improvements include a new TPO roof and flashing (2022) and parking lot sealcoating and striping (2022). The property's history includes long-term tenancies by Winchell's Donuts and Starbucks, highlighting its strong location and potential. This is a rare opportunity to acquire a well-maintained, high-visibility retail property in a desirable Portland neighborhood. The asking price is $1,375,000. Seller financing may be possible. APN: 1N1E25DD-13000.

• CAP approach

  CAP return

  Valuation

  6%

  $545,063

  6.5%

  $503,135

  7%

  $467,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $655,157

  Geo Method

  $655,157

• Alternative Use

  Use

  Valuation

  Residential

  $424,413

  Hospitality

  $388,760

  Educational

  $323,444

  Medical

  $334,568

  Retail

  $503,135

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5349

Longitude

-122.623

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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