28242 Historic Columbia River Hwy, Troutdale, OR 97060
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.