4140 River Rd N, Keizer, OR 97303

This property presents a rare opportunity to acquire a half-acre commercial lot situated on the main road of Keizer, Oregon. The existing structure, a 1991 square foot converted residence originally built in 1977 with a full, unfinished basement, currently houses a long-term, locally-known restaurant tenant. The tenant operates under a triple net, month-to-month lease, offering flexibility and immediate cash flow. The property benefits from its location along a high-traffic main road, surrounded by a mix of businesses and residential areas, and is zoned for mixed use. The average daily traffic count on River Road is 28,000. Cherry Avenue's bifurcation on the opposite side of the property provides access to and from MLK Blvd. The current tenant, Sweet Home Thai Cuisine, has been operating successfully at this location for over 10 years and is open to signing a new lease with the buyer or vacating to accommodate a new occupant or development plans. Seller-carried financing terms are available. The City of Keizer has approved the removal of the perimeter Douglas Fir trees, which do not align with the surrounding environment; this timber can be harvested. A cell tower easement and rights were recently sold and are not included in the sale. However, the tower easement now has a 35-year sunset, reverting back to the main property, at which time the owner will receive monthly rent from Verizon Wireless. The property is suitable for various uses, given its commercial zoning and high-traffic location.