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    28242 Historic Columbia River Hwy Troutdale, OR 97060

    Sponsored
    For Lease
    $336 /Mo

    Prime Gorge location, build-to-suit restaurant opportunity.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional build-to-suit opportunity is situated on 1.47 acres of land within the desirable Columbia River Gorge submarket, specifically at the historic Tippy Canoe site along the Sandy River in Troutdale, Oregon (zip code 97060). The property boasts a total of 30 parking spaces and offers a flexible build-out size ranging from 3,700 to 4,500 square feet, perfect for a single-tenant restaurant. The site is fully entitled, having received all necessary approvals from the county and relevant government agencies, eliminating potential delays and streamlining the development process. Stunning architectural plans, designed by the award-winning Waechter Architecture firm, are already in place, providing a strong foundation for your vision. This location presents a rare chance to establish a restaurant in a highly sought-after area, conveniently located just 20 minutes from Portland's Eastside and portions of Vancouver/Camas, Washington. The property's position at the gateway to Oregon's Columbia River Gorge ensures high visibility and accessibility for customers. With its scenic setting and proximity to major population centers, this build-to-suit opportunity represents a unique investment potential in a thriving market. The total land parcel encompasses 9.06 acres. This is one of the few commercial/restaurant opportunities available between Troutdale and Hood River.

    Property Features for 28242 Historic Columbia River Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    336

    Unit(s) available at that property

    Space
    Size
    4,500 SF
    Rate per SF
    $456

    HighLights

    • Riverfront property in Troutdale, OR (97060).
    • 30 parking spaces.
    • Build‑to‑suit restaurant opportunity, 3,700‑4,500 square feet.
    • Existing septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troutdale
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.3694857
    Latitude
    45.5164358

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    FAQs

    What type of property is this?
    Restaurant - Prime Gorge location, build-to-suit restaurant opportunity.
    Where is this restaurant located?
    The property is located at 28242 Historic Columbia River Hwy Troutdale, OR.
    What is the lease rate?
    The lease rate is $456 /Mo.
    What are key features of this property?
    This property features: Riverfront property in Troutdale, OR (97060).; 30 parking spaces.; Build-to-suit restaurant opportunity, 3,700-4,500 square feet.
    Request Owner's contact information
    28242 Historic Columbia River Hwy Troutdale, OR 97060
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    Troutdale, OR 97060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28242 Historic Columbia River Hwy Troutdale, OR 97060
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