4140 River Rd N Keizer, OR 97303
Half-acre commercial lot with established restaurant tenant in Keizer.
Type:Retail
Property size:
1,991 SFLot size:
0.50 Acres- Added:
- Oct 16, 2023
- Days on Market:
- 918
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 4140 River Rd N
General Information
- Standard status
- Active
- Size
- 1,991 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agent Alex McCarthy License #OR
Listing office John L. Scott Real Estate Salem
Listing date Oct 16, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott Real Estate Salem
Overview
Keizer Commercial Lot with Restaurant
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Keizer
- County
- Marion
- State
- Oregon
- Longitude
- -123.026149
- Latitude
- 44.985589
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Half-acre commercial lot with established restaurant tenant in Keizer.
Where is this conventional restaurant located?
The property is located at 4140 River Rd N Keizer, OR.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Half‑acre commercial lot on a high‑traffic main road (28k daily count) in Keizer, Oregon.; Existing long‑term restaurant tenant provides immediate cash flow with flexible month‑to‑month lease terms.; Zoned for mixed‑use, offering diverse development or occupancy possibilities.
