8220 Davis StPortland, OR 97220

Property Details for 8220 Davis St

Year built

1908

Lot size

0.10 AC

Property size (Sq ft)

1,038 SF

Zone code

CG

Property type

Commercial land

APN

1N2E33CB 08400

APU

1N2E33CB08400

Description

This exceptional investment opportunity presents a 15-unit food cart pod located at 8220 NE Davis St, Portland, Oregon, 97220. Boasting 8,200 square feet of net rentable space, this thriving business is priced at $895,000 and offers a compelling 10.28% cap rate with a current NOI of $92,000. The property operates under a ground lease expiring June 1, 2036, providing long-term stability. This multi-tenant property is perfectly positioned to capitalize on the rapidly growing food cart industry in the Portland metro area. The current configuration serves as an ideal incubator model for the restaurant industry, offering a low barrier to entry for tenants. Significant upside potential exists through various avenues, including expense recapture, facility streamlining, repurposing underutilized space, and rent optimization. The property is fully compliant with Portland's updated food cart pod regulations, benefiting from the displacement of carts from non-compliant locations. Minimal owner involvement is required, with opportunities for growth through targeted marketing and sales initiatives. This is a turnkey investment ready for immediate returns and future expansion within a dynamic and expanding market. The property is situated in Multnomah County.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $615,650

  Retail / Commercial

  $310,132

  Mixed-Use / Specialty

  $304,637

  Hospitality / Lodging

  $217,788

  Office

  $298,255

  Institutional / Educational

  $315,131

  Residential Income

  $368,703

  Multifamily

  $466,537

  Automotive / Energy

  $270,112

  Parking / Income-Based Land

  $97,549.10

  Restaurant / Food Service

  $149,076

  Healthcare / Senior Housing

  $316,901

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5244

Longitude

-122.579

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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